23 January 2020 | 13 replies
Also home offices haven't been a red flag in quite a while since now so many people work remotely.ANDHaving a home office increases the qualifying deductible miles you have substantially since it converts drive time from home to REI related things from non-deductible commuting to deductible miles.
27 January 2020 | 53 replies
All else aside, given the amount of rent you could be charging it may be an idea to sit down and develop a long-term (2-4 year) budgetary plan for the unit/complex so that you can 1)gradually increase rents to a more uniform standard--as one member stated, "if they are all comparable units, there shouldn't be a drastic difference in the rent amounts" 2)eventually get all the units with equivalent or comparable upgrades (to keep things even with the neighborhood comps based on ammenities), and 3)ease your mind about the financial plan and trajectory of your complex (so you can just follow a predetermined plan and adjust when needed as time progresses).
25 January 2020 | 6 replies
Hopefully we’ll cross paths eventually.
23 January 2020 | 3 replies
Eventually you would want that rent money that you are paying to someone else to go towards your assets.
24 January 2020 | 5 replies
Not only is the city government making it harder for new STRs to get permitted, they're passing regulations and zoning laws that can/will eventually strip existing STRs of their ability to operate as STRs.
26 January 2020 | 2 replies
I’m in TX and plan to use it as the entity holding the contracts for wholesale deals and eventually purchase multi family properties with it.
17 February 2020 | 9 replies
Hello Kayee, my thoughts on where to invest your 50K is to find an investor-focused realtor, explore detached houses with basements (that can be converted into a separate unit) and research properties near metro stations.
24 January 2020 | 0 replies
The thing is, they have actually been converted into 4 Townhomes.
24 January 2020 | 2 replies
Eventually, I’d like to go into BRRRRing in STL.
24 January 2020 | 2 replies
@Lily Nelson generally if you are priced right and listed on the major rental sites in a city of decent size you shouldn't have a problem, keeping tenants has a lot to do with the quality of the unit but some things are beyond your control, responsible tenants eventually buy homes in most places.