Dustin Awtrey
schedule E question
4 February 2024 | 6 replies
If i own a complex with multiple duplexes and have a seperate schedule e for each property listing income and expenses, where would i report the expenses that cover all the properties?
Brian Lubeck
Selling homes to tenants
4 February 2024 | 6 replies
If you made a profit ask them to release a portion to you to cover your income taxes.
Alex Clark
does anyone feel like theres no deals?
5 February 2024 | 25 replies
Agreed,Lot's of deals to be found in Ohio.Tougher nowadays but still enough to stay busy.Just to answer the OP's initial question also.Loosing on a deal in the first few years is risky business.When I first started investing in 2010 and back home in Australia, I built a large portfolio and fairly quickly.Lot's of debt...Monthly mortgages where costing me more than I was generating in income.It was a slow bleed so I decided to liquidate and move to cashflow friendly markets in the US (Specifically Ohio).In hindsight, those same properties if owned today would have made me millions in capital gain profits.So if you are looking for an appreciation play, make sure to have enough income from your W2 or other means to withstand the slow monthly bleed until the properties appreciate so much that you end up being in the green even tho you bled monthly.Again, very risky business IMO.Much success
Ryan Gardner
Advice for a first time owner attempting to house hack in a highly desirable area
4 February 2024 | 10 replies
If the home has tons of saves and attention in coming soon, I'm guessing it had a bidding war/best offer scenario, I usually pull up cma or offer my advice for clients what a strong offer would be.
Noah Laker
I host over 100 AirBnB Listings in CA and AZ **Ask Me Anything**
8 February 2024 | 111 replies
The owner of the rental can be the host or they can outsource someone else to host for a fee or percentage of the income.
Joe C.
raising the rent or holding it at its current rate
4 February 2024 | 10 replies
Keeping a good tenant is important - vacancy is one of the highest expenses for an income property.I would approach this by checking area rents and then raising the rent to just below or to match the comparable rents.
Taylor Doyle
House Hack - 2 Flat in Uptown Chicago near Andersonville
2 February 2024 | 5 replies
We wanted to have passive income from rental properties.
Michael Albaum
Financing for land leased properties
4 February 2024 | 10 replies
What's the income on the ground lease and is it nnn?
Keith Sehi
Need some debt words of encouragement
4 February 2024 | 21 replies
Focus on cash flow: Make sure the rental income from your properties covers all your expenses, including mortgage payments.