Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages. When you're ready to purchase additional properties - how do you get approved for the additional debt with you...
If private lending (immediate network of family/close friends) isn't an option, would the next step be a hard money lender? I only need it for the 20% down payment, not to finance the full asset, an 8 unit apt. Is i...
hello everyone I'm a wholesaler I have primarily worked with private owners but I recently been interested in wholesaling HUDS but i have a few questions 1. should i tell my agent that I plan on wholesaling the huds?....
I met a guy at club meeting. He said wants 4 family apts to rent out. He gave me what he wants with rent and profit.
I found a 2 family apt with the financial parameters he wants.
Do I ask the end buyer/inves...
I purchased this Houston area home back in 2018, and we are now looking to upgrade. Rather than selling the home, I have been weighing my options as to whether or not it would be a good idea to turn it into a rental. ...
So, the inevitable is coming true in small town America and houses are staying on MLS for less days before going to retail buyers...and the deals on MLS are generally few and far between. I just implemented my direct ...
Hey guys! I am looking for some advice and suggestions on streamlining my rent collection efforts. I currently own and manage 9 rental units. In any given month, 5 out of 9 mail me checks while the others pay me in...
I've seen a lot of posts about people eager to start an RAL and wanted to share some of the costly lessons I have learned and hopefully you can realize it before embarking on these projects. I've noticed the usual pos...