Here are some potential steps and considerations for your friend in dealing with this issue:Steps to TakeConsult with an Attorney: It is crucial to seek legal advice from an attorney who specializes in real estate law.

Hello guys,I have a specific situation so I wanted to reach out seeking an advice for fellow members here who might guide me to the right path.

Fannie Mae made an enormous announcement this week that impacts anyone seeking to house hack – they reduced their downpayment requirements on 2-4 unit properties to 5%.

Seek out neighborhoods where demand is steady or increasing, and take into account elements like conveniences, safety, and the closeness to public transit.Pick a home that fits in with your long-term objectives.

Make sure you talk to your CPA and seek counsel if you are going to do these strategies as there are specific rules you need to follow.

If you go this route, seek recommendations, research the principles and take your time with due diligence before investing.Another option could be getting into multifamily properties where your expenses will all be under 1 roof.Lastly, if you decide to sell the 2 properties, connect with a 1031 exchange specialist before selling to uncover the tax implications.All the best!

I'm a first-time homebuyer and recently purchased a multifamily property in Canton, MA for close to $900K. The property, built in 1875, has two units, each approximately 1200 sqft. I have been living and renting the o...

Hi Lawrence, Here's my short advice check Due Diligence, Understand Owner Financing Terms, Seek Professional Guidance, Market Research, Financial Analysis, Risk Management, Long-Term Vision.

One week later, after writing their current investors that they are suspending interest payments, they are still seeking new investors for investments but do not inform the new potential investors that they have suspended interest payments.

I'm a first-time investor interested in seeking cash flow and appreciation through rental properties.