Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $165,000

Cash invested: $20,000

I bought a duplex in Racine that needed a lot of cosmetic upgrades. Both uni...

Looking at purchasing small 3 BR 1 BA house.

House hacking is the best tried-and-true method for new investors in my opinion.

This move-in ready house features a stove/oven, refrigerator, and dishwasher in the kitchen.

@Yooni ChoiFor a first property, $100/month in cash flow might not be ideal, but it’s acceptable, especially with a house hack.

Each area has its own rules on how it works, but basically, you buy the house, pay a deposit and agree to rehab the house within a certain amount of time.

Current house is 2500 sqFt 4 bed 2.5 baths. 

But, you still own house and benefits are as follows.1. tax benefits2. principal payoff on your note.3.

I'm thinking of maybe just lumping them into a category under repairs or something but want to see if others have a It sounds like categorizing deductions under a ‘repairs’ category could work as a temporary fix, but it might not give you the full accuracy you’re looking for long-term.

I own 27 properties in Greater New Orleans (36 doors) and wholesale around 50 houses a year in this market.