Michael K Gallagher
Some fantastic Loan products for House Hackers in Central OH from Park National
14 February 2024 | 6 replies
I found out (which I did not realize before) that Park National has a grant loan product that has no income limit, and works on up to 4 units.
Matthew Masoud
Getting out of Mid-Term Rentals
15 February 2024 | 23 replies
A quick analysis would place operating expenses for LTR at about 1/3 of rent, so net income before debt service and depreciation would pencil in at $600/month per unit.
Angie Y.
Should I rent to this tenant?
14 February 2024 | 6 replies
Derogatory items are: Negative Tradelines: 6 Tradelines with any historical negatives: 3Occurrences of any historical negatives: 9For the last 4 months, they have a recurring income of $3489, and non recurring income of $5578 for a total of $9067.
Benjamin P.
What to do with 20k
14 February 2024 | 5 replies
These platforms pool funds from multiple investors to invest in a diversified portfolio of real estate projects.Real Estate Investment Trusts (REITs):REITs are companies that own, operate, or finance income-producing real estate across various sectors.
Sri S.
Are Home Equity loans tax deductible if used to buy another investment property
14 February 2024 | 1 reply
For investment properties, this interest would be considered an investment interest expense and can be deducted against your rental income on Property B.How to Claim: These interest expenses are typically claimed on Schedule E (Form 1040), where rental income and expenses for investment properties are reported.Limits and Conditions: The deductibility of interest is subject to various conditions and limits, particularly with the Tax Cuts and Jobs Act (TCJA) affecting the deductibility of mortgage interest.
Jesse Leigh
27 years old, New Investor, Multifamily properties, Out of state: OH, TX, NC, IN, MI
14 February 2024 | 20 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.
Jonah Slove
Time to sell?
15 February 2024 | 95 replies
Because I have large reserves and have multiple income streams, I value gain from appreciation more than the cash flow that ends up taxed.Good luck
Eric Rice
Too many options, scared to make a wrong decision
14 February 2024 | 35 replies
We absolutely need this investment to become an income stream for us.
Greg San Martin
14-30 Day Actively Managed STR Possible for W2 Earner?
14 February 2024 | 1 reply
If this STR business is viable, or if there are better options for shielding W2 and rental income, I am funded and ready to roll.
Clint Harris
STR-Anyone also renting golf carts or EVs?
16 February 2024 | 15 replies
How much extra income can you earn with golf cart?