17 May 2018 | 13 replies
Plus, I'll be building equity so it's not that much of a loss.
15 May 2018 | 0 replies
I am going to get into flipping houses in the Morgantown WV area in hopes to build capital and get into more passive multi family rentals.I have since came to a realization that with what I would like to do, it would be very beneficial to just go ahead and get my real estate agent license.
16 May 2018 | 7 replies
@Jessica Freese , Lucky you, this actually can be very beneficial for your taxes.1) If you husband makes less than roughly 100k, the loss from rental can offset 25k of husbands' W-2 Income.2) Even if he makes more than 100k, Since you dont have a W-2 Job, with careful planning, you can qualify for RE professional status, that will help you use the entire loss from rentals against husbands' W-2 Income 3) You can convert some of your personal expenses into business expenses with the home office deductions, transportation expense ( mileage, depreciating computers, furniture, and other assets used for the rentals, and few more. 4) You can hire your kids and funnel money within the house if planned carefully.
17 May 2018 | 17 replies
Another had an eviction over ten years ago and as a result now prioritizes rent, and another had an eviction due to a temporary situation and an unreasonable landlord (I know him; he actually gave her a good reference).I have properties in C-/D+ neighborhoods; Policies that allow me to work with tenants when they can't pay all the rent and still limit my losses keep my places full but I would rather wait for someone with a good solid work history and adequate income.
16 May 2018 | 0 replies
We would love to capitalize on such high rental cash flow available in the area we are looking.
2 June 2018 | 9 replies
He said he believed it would be reimbursing myself for capital contributions and therefore the withdraw from the LLC account would not actually be income.
16 May 2018 | 2 replies
Rising mortgage interests rates will make it even worse.Mark Sprague, state director of information capital for Independence Title, said that, "The desire to live in the city of Austin continues to drive home sales.
17 May 2018 | 5 replies
This is a sale-lease-back meaning that the current owner is selling the property and agreeing to lease it back to me at a 7.75% capitalization rate.
27 May 2018 | 14 replies
If the original ground rent lease is silent as to the redemption price then the following applies:July 2, 1982 – Present – 12%April 6, 1888 – July 1, 1982 – 6%April 8, 1884 – April 5, 1988 – 4%Prior to April 9, 1884 – Negotiable and possibly non-redeemable.To compute the redemption price, take the annual ground rent and divide by the capitalization rate.
16 May 2018 | 0 replies
They told me because of my DTI and because I took a loss on the business end.