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30 December 2024 | 11 replies
If you intend to vacate, the original lease agreement states you have to provide a 30 day written notice of your intent to vacate.
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4 January 2025 | 11 replies
I'm not sure if we can like to articles on our own websites here, so to be safe I'll just suggest the IRS web page, which does do a pretty good job of explaining the basics: https://www.irs.gov/taxtopics/tc510The main thing to know if you're going to claim business miles is that you do need to keep a log of every business trip.
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2 January 2025 | 25 replies
Having a main water source available is pretty important and not having it could affect your reviews.
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27 December 2024 | 2 replies
I am located in Maine and have 2 six unit buildings, 2 four units, and a 5 unit.
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30 December 2024 | 5 replies
Main goal of All In One heloc or 1st Lien Position Heloc: Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you.
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27 December 2024 | 8 replies
I bought a condo with the intentions of running an Airbnb and it was quickly shut down however I ended up turning it into a corporate rental.
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23 December 2024 | 3 replies
@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.
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9 January 2025 | 46 replies
I personally felt that was not the clear intention of the bill, but they were willing to stand by it.
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30 December 2024 | 6 replies
The right idea is going to be the bread and butter.1) Ideal location2) Quality properties over quantity of properties3) 1.25x DSCR4) Intention to hold no less than 8, but ideally 12+ years.5) Sufficient cap reserves6) Mechanisms to enhance cash flow(via alt investing or house strategies).7) Liability protection through no PG loans(if possible), LLC formation, property management and being a diligent landlord.8) Invest deeper, before wider.Now if you're talking where to invest, different information.
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27 December 2024 | 4 replies
No one can answer this for you; you have to be intentional about what you plan.