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24 January 2025 | 16 replies
I guess the different strategies FOR ME would be.A- Find a lender that would actually do the refi and pay the tax.B- Sell a property and use those funds to lend as they would go back to the IRA.
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21 January 2025 | 11 replies
The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.
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27 January 2025 | 29 replies
You don’t have to pay $20k+ to learn to broker loans.
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28 January 2025 | 6 replies
I ran some of your numbers, assumed rent of $1,290/unit and that you pay cash for the rehab costs.
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21 January 2025 | 35 replies
They're less than I pay.
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11 January 2025 | 31 replies
Or they have it figured out and are going to cure via paying or modification etc etc.
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17 January 2025 | 11 replies
@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.
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31 January 2025 | 9 replies
Market goes up and down and your tax implication comes into pay when cashing out.
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31 January 2025 | 2 replies
.✔️ You’d rather pay for peace of mind and legal compliance.Final ThoughtsIf you’re house hacking a small multi-unit (like a 2- or 3-flat) and are comfortable being hands-on, self-managing can be a great way to save money and learn the business.
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28 January 2025 | 1 reply
Right now you have $1,000 in cash flow that can be used to fund other projects (seed money), pay you in profit to supplement your lifestyle, or fill in any gaps for underperforming properties.