20 December 2024 | 2 replies
This property would have multiple income streams, including as an airbnb, wedding venue, bed and breakfast, corporate retreat.
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19 December 2024 | 10 replies
I've used mine multiple times in the past deals, including a VA jumbo loan.
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20 December 2024 | 2 replies
Closing costs, including recording fees, transfer taxes and HOA transfer fees, if any5.
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27 December 2024 | 18 replies
Here is how the Roth conversion works: you can convert anytime between January 1st and December 31, and you will receive a 1099R from your IRA custodian or 401k plan administrator before January 31st of the following year, which will be included in your tax return filing and that is when the taxes will be paid: at the time you file your tax return.
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26 December 2024 | 18 replies
If you're not open to that, I would hold on to the place long-term or sell the property at land value not including the yurts, hot tubs, etc.
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29 December 2024 | 15 replies
makes sense. so i actually did a 2-1 buydown FHA, i have a 800 credit score and locked in a 5.875% in today's market which is pretty damn good IMO... so the first year ill be at a 3.875% with about a $2350 monthly payment including prop tax/pmi/morg insurance/home owners insurance. lease is locked in for a year at $1400 a month which makes me only have to pocket roughly $1000. the way i see it, its cheaper than rent or mortgages in today's world!...
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31 December 2024 | 76 replies
Including guys like @John Underwood and @Michael Baum
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5 December 2024 | 11 replies
Do nothing...the tenant isn't renting that area and has no right to dictate how you use it as long as it poses no security/safety risk to them.
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16 December 2024 | 43 replies
Our team discussed multiple investment options with him, including new construction homes in nice areas that likely attract better quality tenants.
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26 December 2024 | 9 replies
Positive SolutionsProblem: In my county small multi-family houses are nearly non-existent and short-term rentals and second-cooking-areas are illegal.Solution: House-hack while renting MTR to traveling medical professionalsProblem: I didn’t know the many laws of the countySolution: A hired attorney 1) informed me that the county calls a house-hack a boardinghouse and 2) drafted a very comprehensive agreement that includes answers to your list of questions.Problem: Interpersonal problems can be a risk.