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Will depreciation help minimize cost if SFR is break even or not cash flowing? I have 2 other rentals that cash flow. I have read everything and just can't seem to understand how the tax breaks apply. This home and 1 ...
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When you lenders are looking at landlord experience on tax returns, what exactly is it that you are looking for? Is it a certain dollar amount? is it a generally accepted percentage of what a property might bring in i...
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Stephen Covey says to seek first to understand, then to be understood.When dealing with an investor (private money lender, rehabber, wholesaler, landlord), we need to understand what is motivating that person, but als...
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Do you require that household income be a certain percentage of the rent in order to qualify them? My Dad told me 25 years ago not to buy a house that the mortgage payment is more than 25% of your monthly take home. ...
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Hope all is well everyone!
I'm from Greenwhich, NY, (near Saratoga Springs) and i am currently deployed overseas, I am looking to purchase an income-producing 2-4 unit multifamily home, within the capital district, w...
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Hello all,
I've been looking at a college town/city as a place to buy a triplex. I wanted to pick your collective knowledge on your thoughts? My first opinion is with some of the ivy league schools saying they are g...
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I'm at an intersection and need advice ASAP! in Lake Charles where Hurricane Laura just totally destroyed. Luckily all of my rentals experienced minimal damage compared to so much destruction I've seen all around them...
Hi, My name is Megan, I am from South Florida. I am in the beginning stages of starting a business that would offer home staging services and would like the feedback from those who are currently working in this indus...
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Aloha and Hola! I'm a simple, small-town island girl originally from Hawaii living in a much more complicated, fast-paced world in San Diego, California. I became a house hacker in 2010 after purchasing a 1970's hill...
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Hello all! I'm purchasing a residence for me and my partner will be moving in. I will be the sole owner on the mortgage.
For various reasons that aren't really up for debate, she prefers to rent her current 2 bed/1...