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28 May 2024 | 10 replies
So, no new deeds need to be done until the existing deeds term has ended.
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29 May 2024 | 18 replies
The house I'm buying will be used as a long term rental.
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29 May 2024 | 15 replies
I could understand if I was looking for hard money or private lenders but I figure if one bank would approve a conventional mortgage on a property most other banks would as well at the same or similar terms right?
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31 May 2024 | 42 replies
. $10k in losses will reduce the federal tax due by $1.5-2k.However, the state tax due gets lowered by a very small amount by using passive losses to offset passive income as I assume state tax rate is quite low (I live in TX, so never worried about state tax) compared to long-term capital gains rate of 15-20%.
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28 May 2024 | 3 replies
Short story, I recently purchase an investment property.
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25 May 2024 | 9 replies
And lastly, I would be monitoring the progress of the Stop Predatory Investing Act.
29 May 2024 | 16 replies
Typically, in this situation, I advise my property management clients (in Florida) to terminate the month-to-month tenancy of a tenant who is causing problems like this and to place a better tenant in the unit.As for the tenant who is requesting to get out of their lease, of course, you do not have to release them from a lease term on that basis, but look to your lease and state laws regarding their ability to terminate the lease (whether a lease term or month-to-month).
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28 May 2024 | 4 replies
I’d look at it another way figure out where you want to live and than figure out if house hacking is a way to afford that area and if you have a long term plan to afford that place with at most one roommate, you will find it hard to break even much less make money house hacking anywhere in the region so may as well buy in a place you want to be long term, if your not ready to commit at least medium term, rent.
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28 May 2024 | 0 replies
I keep wondering about insurance, vacancy rates, if tenant selection is a bigger/ different factor, terms of the tenancy and differences in opex and capex?
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26 May 2024 | 2 replies
Plus some of these are on ground leases, which can create financing issues down the line.I have nothing against manufactured homes, but I think it would be beneficial if there was a comparison for short term and long term historical performance on both rents and value.