Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
One of the first things I learned when I started studying REI, was that the estimates on realty sites like Zillow, etc. were wildly inaccurate. But are they, really? And even so, does it really matter? Let's go ove...
I came across an interesting situation. It regards companies that offer turnkey solutions for investors. That is, investment properties that are already rehabbed, tenant-occupied, have property management in place, an...
I learned and evolved in a different real estate universe.The rules we were taught and lived by… were the SAME rules that ALL of the REIAs and ALL of the Mentors espoused.1) DONT BUY A PROPERTY THAT HAS LESS THAN 25%...
My girlfriend and I are trying to buy a 4 family home in Rhode Island. We want to live in a unit and rent the other three units (House hacking). My girlfriend seems to not understand why we need to house hack opposed ...