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25 January 2025 | 3 replies
My low months were 50-65% occupancy and 100% for summer.
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21 February 2025 | 9 replies
I joined this community because I want to get my hands dirty and not just meet people online but form some real connections and try to provide value back to those that are willing to offer me advise and guidance, and even encouragement.So, this is my current situation:Back in 2020 I was one of the fortunate ones who purchased real estate when prices were still low (compared to today) and interest rates where at 3% or below.
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12 January 2025 | 28 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report. hmm, that website is a 404 error.
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20 January 2025 | 2 replies
Low taxes, low crime, low homelessness, friendly people, all 4 seasons, etc!
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21 January 2025 | 6 replies
Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle, so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?
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5 February 2025 | 17 replies
Held in my property entity that I purposely keep a low balance and doesn’t show a lot of income.
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9 January 2025 | 0 replies
Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.
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26 January 2025 | 4 replies
You can purchase this with a low-money-down FHA loan.
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24 January 2025 | 2 replies
• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.
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24 January 2025 | 16 replies
And as I explained earlier, your investment is protected by real property, so your risk is extremely low.