
3 November 2024 | 3 replies
I waited until I had enough properties to justify an employee.

7 November 2024 | 30 replies
Rent it cheaper for 4-6 months to get through the winter, then rent it for a higher price or sell it in the spring.I recommend selling because you don't have a good property manager and the market is obviously not strong there.Thanks @Nathan GesnerI dropped the price from $2100 to $1975 but it’s not moving the needle too much.I am prepared to go lower , however , worried about what kind of tenants we’ll get at a very low rent like $1700 or $1600…4 years ago we rented for $1400 ( to friends) then we went up to $1500 for next tenant, then $2400 for the last tenants ( we did some remodeling on property to justify that last rent ) Hard to go back down to those lower #’s but not getting qualified bites at all now that we are heading into winter ( as you pointed out )..been at $1975 for three days now ..
6 November 2024 | 4 replies
This way the selling entity is the same as the buying entity as per 1031 rules.

5 November 2024 | 6 replies
The low rise type buildings without elevators tend to have the more relax rules and also the lower assesments, so they can be a good option.

7 November 2024 | 6 replies
Torn between using my VA loan or use my investment property below to help fund my deal.Been losing deals left and right due to the owner occupied rule with VA.I have about 30k in savings, 30k retirement fund, no debt, low expenses (living with parents until find a place)I Own (under my name) a 5 unit mixed use building (4 residential, 1 commercial) fully occupied.

7 November 2024 | 15 replies
Instead of following these rules, it is way easier to get rid of the tenants and sell the building when it is vacant.

4 November 2024 | 21 replies
Eric, it is against SEC rules if you're receiving an ownership share for raising money and you are not a licensed broker-dealer (not to be mistaken with a real estate broker).

3 November 2024 | 2 replies
You likely can just keep your original loans unless they loan sizes are large and rates drop enough to justify a refi.

7 November 2024 | 8 replies
But rule number one for me is there had to be equity just like a cash purchase..

6 November 2024 | 5 replies
There are rules to follow!