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All Forum Posts by: Dan Mcguire

Dan Mcguire has started 7 posts and replied 85 times.

Post: Rent to a person with one large pet

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Jon Kelly we charge $150 per fee, $35 small dog, $60 medium and if needed slightly more larger.

Post: My First Investment - A Long Island House Hack

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Syed H. Brookhaven Town?

Post: My First Investment - A Long Island House Hack

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Matthew Walsh as a landlord in Suffolk County I’m not sure how you will cash flow with high taxes? What town on Long Island?

Post: Age, how many rentals, and type of rentals?

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Nicholas Lohr age 45, four rentals with a 5th two family by permit that we live in with a separate apartment. Suffolk County, Long Island. Wife would like to upgrade current residence so we may turn primarily into a rental. Market on Long Island is crazy high so the market will determine that goal. We have three bedrooms, two and a one. I would like to add to the mix, but like I said prices on Long Island are crazy high.

Post: My Most Recent Deal - A Cash Cow!

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Blake Choisnet how far away from the properties are you? Being on Long Island Homes are not selling for $20k or in any zip code under 200k unless very undesirable location with massive amounts of work.

Post: House hacking primary residence avoid capital gains, Tax strategy

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Jason Brooks If renting the primary residence are you taking depreciation? Taken on not, depreciation recapture will be required when you sell.

Post: Underwater rental property. Keep it or short sell it?

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Maurice George How do you know your getting market rent? Maybe raise rent a bit, if the current tenant moves out add value by charging a pet registration fee and monthly pet rent, a few bucks extra for washer and dryer hook up. Look at principal reduction over time. As previously suffered, maybe rent to own with an agreed price and charge more in rent, but give buyer a portion of that as credit. Saves you commissions and you collect more cash.

Post: NY (Long Island vs upstate/out of state)

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Jason Aro Dan of Better Homes. An Investor and realtor on Long Island. The market depends on your location and goal. I have several investment properties that cash flow and appreciate. Rentals are hot and buying correctly will result in nice returns on the Island.

Post: NY (Long Island vs upstate/out of state)

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

Investor and realtor on Long Island. The market depends on your location and goal. I have several investment properties that cash flow and appreciate. Rentals are hot and buying correctly will result in nice returns on the Island.

Post: NY (Long Island vs upstate/out of state)

Dan McguirePosted
  • Real Estate Agent
  • Shoreham, NY
  • Posts 92
  • Votes 44

@Philip Scharper

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