All Forum Posts by: Jacob Straussen

Random question but I was curious for those with life insurance, is it necessary to speak with multiple brokers?  I went through term4sale which had several brokers reach out to me.  I spoke with one so far and he presented himself well.  if all the companies they reach out to on my behalf are going to quote the same thing, then I'm guessing it is not necessary to speak with different brokers?

Thanks for the response!  Two of us will be living in one part of the duplex, and we will have an actual renter renting the other half of the duplex.  Each of us will be paying a 3rd of the mortgage.  

my two business partners and I just closed on a duplex.  the plan is to house-hack.  two of us will be living there as a primary residence but the third person will not be there.  however all three of us are on the title and will be responsible for the payments.

we were advised that the best way to debt service the monthly payments is to only have one of us make consistent payments from their own individual account.  that way, the debt will be covered by one person which gives more buying power to the other two as we continue to buy and invest in more real estate projects.  we will also be making a separate account to receive rent and use that for any business related rental expenses

-how would this work from a tax / tax deduction perspective?  will we all be able to deduct since we are all on the title?  

-also, I read that in order to use rental income to pay our mortgage, we would have to write a check payable to yourself then make the mortgage payment from that account.  I came across a similar post from 3 years ago but wanted to find out if this is still true now?

Thanks in advance.

Hi, I’m new to real estate investing and just had a question.  Is there anything to watch out for if seller/tenant moves out early after signing a post occupancy contract?  (Contract states up to 20 days with a specific fee per day).

Also, are there any circumstances to cancel a post occupancy contract that would be beneficial to buyer?  

Thank you in advance.

Hi, I'm new to buying and selling and just had a dumb question.  I was just wondering what happens if a seller/tenant moves out early with a post occupancy contract already signed?  The contract allows up to 20 days with a certain rate per day as well as a security deposit.  

Is there also any circumstance to cancel the post occupancy contract or if it's beneficial to keep it.  I feel it provides protection as a buyer but just wanted to get everyone's thoughts.