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1 October 2024 | 2 replies
Investment Info: Multi-family residential buy & hold investment located a 20-mile drive or 25-minute ferry ride from downtown Boston in the beach town of Hull, Massachusetts, also known as Nantasket Beach.Purchase price: $550,000 in 2016Cash invested: $137,500 from 1031 exchange (75% mortgage)A 14-unit property on a corner lot, and it includes an adjacent lot as well (10,000 sq ft total lot size, double the town median lot size), giving an exceptionally large patio, yard, parking areas front and back, and a storage shed.
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2 October 2024 | 19 replies
To enhance your real estate investing knowledge, consider reading books like "Rich Dad Poor Dad" by Robert Kiyosaki, "The Millionaire Real Estate Investor" by Gary Keller, "BRRRR: Buy, Rehab, Rent, Refinance, Repeat" by David Greene, "Set for Life" by Scott Trench, and "The Book on Managing Rental Properties" by Brandon and Heather Turner.
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3 October 2024 | 5 replies
I'm a residential real estate agent in Austin TX and work with investors for single family through small multifamily as well as owner occupied.
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2 October 2024 | 3 replies
To answer your question about the 203k, yes this property would qualify in this scenario as long as the residential portion of the property is larger (51% or more) than the commercial space.
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2 October 2024 | 16 replies
There’s a lot of recommendations on what to do and I appreciate every recommendations I could get to enhance my knowledge and skills.
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1 October 2024 | 6 replies
Thinking to sell a rental house in Memphis for around $200k. Thinking to offer seller financing to increase interest in the property and I like some of the advantages of seller financing. Have never done this before. ...
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2 October 2024 | 9 replies
The only mention of mobile homes I found is on page 13 of this document classifying them as “residential rental property.” https://www.irs.gov/pub/irs-pdf/p527.pdf
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3 October 2024 | 2 replies
Starting my real estate investment journey and using experience as a budding commercial/residential agent to guide my journey as well as the journey of others I interact with.
3 October 2024 | 4 replies
Use cash flow to pay personal bills (wife is pregnant and I want a safety net).Mid term: 4-10 residential properties over the next 3-5 years as capital allows.
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4 October 2024 | 12 replies
Double check on insurance costs for a 400k STVR not a regular residential home.