Looking at purchasing small 3 BR 1 BA house. My biggest concern is the basement. First, the stairs leading down to it would likely need to be replaced. Next, it holds the washer/dryer. The basement has not been finish...

In rental income it break even with selling instead?  

Hello everyone,I just closed on a house and am exploring the possibility of turning it into a mid-term rental.

Looking for tips on the best way to sell my Rented Homes in 1 transaction . My realestate agent keeps pushing me to sell them individually, and I really want to keep my tenants with a landlord. Any suggestions?

@Yamil NafRaising $160,000 for your short-term rental (STR) venture is a great goal, and there are several ways to structure the deal to minimize your upfront costs while attracting investors.

.: Hello; I currently own two rental units. a duplex and a SFH.

Screening: Includes income verification and rental history verification.

Hello everyone. I’m wondering what all I need to provide my tenants with this year as far as taxes are concerned. I bought the property in June, have had 4 renters the first month and then 3 the remaining of the year....

This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.

It's a range and depends on the property type, location, end condition and rental strategy.