Plus, they provide great opportunities for cash flow, especially if you’re looking to scale and reinvest profits into future properties.If you’d like to connect or chat more about strategies, deals, or even market insights, feel free to reach out.

Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

Have you reached out to any social service organizations that might be able to provide tenants to your property?

If the $700K sales price is not used correctly to acquire qualified real estate, the exchange could fail, triggering tax liability.Future exchanges will depend on the total value of the replacement property acquired, so entering syndications could limit flexibility.

I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.  

This provided Archie Raglin with the financial backing to close quickly, ensuring no delays and maximizing the opportunity for a fast sale at a profit.

I think this will all start making more sense once you start analyzing deals and working with an agent that can provide some insight. 

Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.

Depending on the seller, you may sweeten the deal, by letting them know that they don't immediately need to cash out, or can partly cash out.

This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.