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5 November 2024 | 34 replies
You can even share your link to the property or market you're considering and let folks weigh in in real time.
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4 November 2024 | 10 replies
0 Chance.Cmon, pay for insurance or just don't own real estate.Trying to gain an extra 2-3% ROI and risk your entire principal is just stupid.Don't be cheap, get insurance.
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3 November 2024 | 4 replies
Most people who buy 2+1 and think they can use the third and get busted on that, end up renting the bonus unit to the top or bottom unit as extra space, but that is a loss on what would be unit rent by more than half.
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5 November 2024 | 11 replies
As mentioned if the holding company is not solely holding or owning assets together funneling monies as a loan would further complicate if there is a default but also cause you to file extra tax returns = $...Yes you are taxed on interest income or any money that you make, does not matter how you structure it, what comes into play is not how much your taxed but how much you pay someone to figure out for you how much you need to pay and each layer is an added cost.
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9 November 2024 | 23 replies
That mental switch allowed us to find a great 2-family house-hack opportunity in Bayonne, NJ, and also led me to an amazing career change -- I've been a full-time NJ Realtor for 2.5 years now and have helped many BiggerPockets folks find their first house-hacks -- a good % coming from NYC.
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8 November 2024 | 22 replies
Single Room Occupancy (SRO) or PadSplit / CoLiving are able to make a ton of income, especially if you modify the house with a couple extra bedrooms.
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5 November 2024 | 22 replies
Here in Colorado Springs and Denver they are called "habitat for humanity" and they get huge slabs from folks renovating.
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6 November 2024 | 5 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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4 November 2024 | 7 replies
Townhomes have extra holding costs in HOA and could limit your renting ability.
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4 November 2024 | 26 replies
There is something to walking into a room where 95% of the folks in that room are interested in MF syndications (5% are lost, in the wrong room).