We own a LTR that is valued at about $215K, and we owe around $65K on it at around 4.5% interest rate. The taxes, however, have went up so much that we have to raise our rents to a crazy amount (~$1300) to break even....
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Thanks in advance to everyone at BP, this site has taught me a lot so far and I am in need of some guidance!I am looking at a four unit, bank owned, vacant for 6 months property in a small town. Ask price is $80k.Vaca...
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Hello, my name is Michael. I'm new to this community, and new to investing in general.
I've recently saved enough resources to purchase my first business, which I'm considering to be a gas station.
I've done many o...
As a retired landlord (13 years as an inner city landlord in Detroit and outlining areas) and so many people asking questions about investing here, let me say this......
YES there are still some sections in D...
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Hi everyone,My property has a cell phone tower on its roof, and I just received a letter from the carrier saying they've decommissioned some of their microwaves, and that they want us to reduce rent in light of this u...
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Okay so I'm about to close on a property with 36 tenants. My plan is after closing I'm going to install water sub-meters so I can bill back the water and sewer bills to the tenants. I will send out an Addendum (with s...
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From the onsite, it doesn't appear to be a good deal. Please give me some of your thoughts:
Type: Duplex, fairly new, not a fix-upper (mostly updated, need minor updates that shouldn't cost more than $5,000)
Asking ...
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Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee. I would pay the same income tax and add fica on the sched C. Goal is to fund a roth solo 401.
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Let’s assume I would like to purchase 200K in properties using my Roth IRA for 10% down and a private investor for the rest. These are high cash flowing properties. Assuming I have the properties in a self-directed R...
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I use to see homes listed with CDW but the walls were still up. Now I see a lot of the homes with CDW have been gutted, usually sparing the wiring and tubs. The prices are discounted but not as much as I think they sh...