17 March 2018 | 13 replies
Disclaimer: I am going to speak with an accountant and get some tax planning advice in April (soonest I can get an appointment), but in the mean time, I would like to start looking for rental properties now if it would benefit me this year.More Info: Currently, I have a business that brings me about 100k income.
7 March 2018 | 1 reply
Assuming that I will be unable to finance the purchase with an LLC, is there a benefit to having the checks deposited into a bank account in the name of an LLC?
6 March 2018 | 2 replies
., but keep the license in some "reduced" status, so I can still possibly reap the benefits of the real estate professional status for real estate investing.
15 March 2018 | 8 replies
My main focus is cash flow and my goal is to replicate my salary within 10 years, which might be a bit aggressive.
7 March 2018 | 10 replies
Buying Subject to the sellers financing staying in place ( very little competition with this in our area ) Master Leasing, Options, Lease Options, Highest Bidder Sales, Wrap Loans, and How to structure Seller Financing terms that benefit sellers.
19 April 2018 | 21 replies
Old landlords like the monthly and tax benefits of that sometimes.
6 March 2018 | 5 replies
Upper main roof first half replaced 8 years ago, second half replaced last year, and lower roof was replaced last month.4 Separate Crown Aruba Gas Boilers, regularly serviced and approximately 20 years old. 4 Separate Gas hot water heater (ages vary)Washer Dryer hookups available in basement for coin laundry for additional incomeExterior painted two years agoShingle sidingProperty just passed state inspectionReplacement energy efficient windowsPurchase Price: $210kAppraised Value: $285kProperty Type: Quadplex/Turnkey tenants in placeArea: BUnits: 1-3BR, 3-1BRRental Income: $3365 Per Month / $40,380 per year (rents can be raised 5% upon lease renewals)Utilities: Separately metered, each tenant pays their own gas and electricHouse Utilities: Common area utilities are about $20.00 per monthWater/Sewer: Landlord pays $1500 per yearProperty Taxes: $7855 per yearInsurance: $2500 per yearLandscaping/Snow removal: $1221.00Vacancy: ???
6 March 2018 | 6 replies
As an added benefit, you are less likely to get sued if you have a mortgage.
14 March 2018 | 13 replies
Most of my investing has been in North Main and the Augusta Road areas...urban lifestyle but good schools, affordable living, and convenience to everything...it's a gem.Regarding #2, yes our redneck homes are pretty affordable for many northerners...my neighborhood is mostly transplants and foreigners.
10 August 2018 | 5 replies
For SFH not so much, as it puts the ADU and main home under rent control.