All Forum Posts by: Richard V.

@Bruce Woodruff awesome I’ll try that out

Zillow doesn't allow keyword searches. and I was wondering if there are any online searches that allow for finding houses with backyard guest houses or casitas. Or even when you filter houses for basements, that info is often not entered into Zillow listings. I just need an easy way to search for properties that can be hacked into having a separate unit...

@Shafi Noss

This is good advice. I will have another large amount put into stocks, which will act as a savings just in case any disaster repair happens. However stocks don't provide consistent cash flow like real estate, and create a taxable event every time you cash out and there are no 1031 exchanges to sidestep capital gains on appreciation. 

I think your partnerships idea is interesting, but have no idea where I would begin to find them. I've heard of fundrise...How do you go about partnerships?

@billydaniel

I was thinking of doing your 2nd choice too, with of course some rehab potential. Just wondering, why 45k downpayments rather than higher or lower downpayments? 

Say you are starting with about 200k and the avg house in the area costs 150-175k and rents for at least $1200/month. What would you do?

Hi, this may be a stupid question but I am willing to ask it because I want to learn.This youtuber Mr. beast does a bunch of giveaways and in a new video he sells a house for $1. Doesn’t the irs require you to sell houses around fair market value? As far as I know the gift limit is around 15k and there is no way he can rationally drive the sale price down due to “needed repairs”. Also, whatever your theory/explanation is, would you recommend buying from relatives or parents who would offer you a house under fair market price, or is there a better strategy?

https://youtu.be/vJH28ICkCdU