Questions To Ask Before Buying Your First Rental Property
Asking the question, “Will the monthly cash flow be positive?” is vital. I’ve seen too many investors ignore cash flow analysis in recent years. They’ve watched others recklessly purchase properties at prices that lose monthly cash flow and depend on appreciation for an exit strategy. Don’t be a sheep, use common sense and stick to […]
Two Things To Consider When Renting Out Your Vacation Home
IRS Guidelines: How Many Days Are You Using the Home for “Personal Use”? In order to deduct the mortgage interest on your vacation home as “qualified home mortgage interest”, you need to use the vacation home for your own “personal use” for the greater of: 14 Days per Year or 10% of the number of […]
