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18 January 2025 | 9 replies
@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.
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17 January 2025 | 19 replies
The "deposit" works as a way to make the payments on whatever you've drawn and self consumes itself. 5.75-6.25% fixed interest, amortized over 25 years for a 5 year term.
14 January 2025 | 7 replies
It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?
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11 January 2025 | 12 replies
Are there any specific clauses I should include in a room-by-room lease for a shared living space?
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14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
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22 January 2025 | 22 replies
The minimum sheen I would use for any rental is satin (Very rarely eggshell).Does your rate include cleaning fees?
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27 January 2025 | 6 replies
of those I like next door best because it is hard to fake and the reviews are easily tied to a reviewer in your community.The costs of ADUs vary significantly for various reasons including by ground up vs conversion, difficulty with lot (sloes, access, etc), finishes, and even the size (bigger typically have lower PSF).Good luck
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16 January 2025 | 6 replies
Include in your model rates going up by 2%, and just make sure you enough cash to cover.
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13 January 2025 | 8 replies
I have flipped 30 houses, including having 10 projects going simultaneously, one of which sold for $1.8 million.
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17 January 2025 | 9 replies
Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?