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Results (10,000+)
Bryan H. $200k to deploy: build new STR 1BR or better ideas?
23 February 2024 | 0 replies
Here is 3 scenarios: conservatively projected low/medium/ and scenario 3 is actual recent net returns  (unlikely repeatable right now) I'm looking for alternative ideas to deploy $150-200k down payment on a much larger investment than a 1br house, so I can play the appreciation game as well as the income game.
Trevor DeSimone Tax Consulting; HALL CPA, PROVISION, KEYSTONE ETC
23 February 2024 | 15 replies
.$6,000 for strategizing supposing you have a monthly 30 minute phone call is $500 an hour.If the cost is $10,000, and your tax rate is 35%, they would have to decrease your taxable income by atleast $30,000 for the cost to justify the cost. 
Wendy H. Self Managing - Move Out Procedures and Tips
23 February 2024 | 2 replies
For better or worse, either exiting tenant has the place cleaned or the incoming will do it (I never ask the incoming tenant, it just works it way into the conversation). 
Diran Deukmajian Thoughts On Investing Out Of State
24 February 2024 | 30 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Kieran Dowling Amount of rentals
24 February 2024 | 8 replies
A good way to forecast rental demand is to also look at economic data from FRED - population growth over the past few years, median housing income, job growth, crime rate, schools, ethnicity mix, etc.
Samantha Springs Prospective tenant - no income, exceptional credit
20 February 2024 | 8 replies
The applicant has no verifiable income (he is an artist and woodworker), but has basically zero debt and an excellent credit score (almost 800).
Robert-Lee Pass Offer sent last night .. But i noticed this stuff... Do I Kill the Deal?
23 February 2024 | 35 replies
I do understand I went from the top tier tenant that will pay the most for the perfect setup down to the unit that can be paid for with section 8 and will attract a lessor tenant or someone single / new young family / retired / disabled / fixed income etc.Here's the deal figures With closing paid , seller counters 10k above my offer, 6% VA loan, no points Does the property lacking those features make it a deal breaker ?
Brook Warren Purchasing in Nashville
23 February 2024 | 2 replies
This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.
Jeremiah Dunakin Trying to understand Land Contracts
23 February 2024 | 13 replies
If they don't set it up correctly, they could lose a lot of anticipated income and have to foreclose.Disadvantages to the buyer include, if it isn't set up correctly and the seller dies, ownership may be in question with a long painful lawsuit.
Logan M. Cost Seg on two mobile home parks bought with 0% Down, this is a SUPER POWER
23 February 2024 | 0 replies
For you investors that have ordinary income to write off let me tell you the greatest secret to minimizing tax liability, Cost Segregation.When coupled with zero down seller financed purchases the numbers get crazy.These numbers below are one of two parks I bought zero down with seller financing last year.This one park one year is a $140,834 write-off equal to $40,842 in tax savings and the second park is $14,000.I am projected to save almost $60,000 on two community purchases that I don't have any of my money invested into, they were true 0% down parks.Don't kid yourself, real estate is the best investment opportunity that exists.