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29 March 2024 | 4 replies
When adding the rental income for Unit 2, it asked for % sq.ft. rented out.
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31 March 2024 | 50 replies
A couple of things I would have done differently would have been to keep my W2 income as lonnnnnnnnnnng as possible, like longer than you think. 2nd would be do wholesale or sell more in the start rather than trying to keep everything possible as a rental.
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28 March 2024 | 5 replies
There are hiccups if the landlord hasn't completed their end of the paperwork or requirements through the online portal but nothing that was a crazy delay.
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29 March 2024 | 7 replies
So if you think you can net say $45k/yr in profit it will take you 3 years to break even if you ignore income taxes.
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29 March 2024 | 12 replies
Prioritize constructing long-term wealth, striking a balance between immediate rewards and long-term objectives to generate passive income and lasting wealth.
29 March 2024 | 4 replies
I pay 6% interest only on free-and-clear houses, and have also taken over mortgages, subject to the existing financing.A rental ought to be on your tax returns for 2 years before lenders use the extra money as income.
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29 March 2024 | 11 replies
Note: Payment on any debt secured by virtual currency is an exception to the above policy and must be included when calculating the debt-to-income ratio.
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26 March 2024 | 12 replies
How can I setup a Solo 401k if I have only rental income?
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28 March 2024 | 7 replies
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