All Forum Posts by: Gavin Wynn

I live on one side of a duplex while I get the second side ready to rent out. I have one water meter, one gas meter, and two separate breaker boxes. I plan to make the tenant pay for electricity since the bills are already separated, but as the landlord, I plan on paying for gas and water. I priced the unit accordingly, but I am afraid of the tenant taking advantage of this and cranking the heat or abusing the water. There is no bathtub, and it is only a one-bed one-bath 680sqft unit so I'm not sure if I'm overthinking this. Is there a document that says they owe me extra if the utility bills get too high? Thanks. 

 I own 2 multi-family properties. 

Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses). I am converting this back to a duplex, going to live in one half and rent out the other. Do I have to complete the separation of units by January 1st to write off half of my closing costs/other expenses? Or can I still write off the closing cost in 2026 if I am not done with the separation by January 1st, 2025? This might be a stupid question but thanks in advance!

 Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses). I am converting this back to a duplex, going to live in one half and rent out the other. Do I have to complete the separation of units by January 1st to write off half of my closing costs/other expenses?  Or can I still write off the closing cost in 2026 if I am not done with the separation by January 1st, 2025? This might be a stupid question but thanks in advance!

I only own 2 duplexes, live in half of my second once. 

I am very new to the industry, to the point that I think I should start an LLC as a holding company. The local title company says I should talk to an attorney first, but I'm wondering if this is necessary. Can I go straight through the secretary of state? Or should I use a service such as Zenbusiness or Tailor Brands? Thanks in advance.

I'm 22 with 2 duplexes, started to become fascinated with real estate at 19. You are even more ahead of the game than I was. Save cash and look for a deal the second you turn 18. Also, I know many people swear by single-family homes but I strongly suggest multi-family.

Don't pay. If you want a roadmap, find a free audiobook. Even paying for an audiobook will be cheaper then their scam courses. 

New investor here, writing up a new contract and want to make sure I do not miss anything. Any advice on topics to touch on in a contract that is commonly forgotten? Thank you in advance. 

I agree with this. Trying to find advice on how to pursue this.