We are local to Waco and specialize in small to medium sized remodels and maintenance on rental properties. 

But many people like having a feel for what's going on at their property, and find controlling their reputation and product is easier with small or mid-sized buildings.

An assumed mortgage that is 2-3-4 years into the payment schedule, has the additional incentive of a greater percentage of their initial payments paying down a greater principal portion. 

Make sure you have the funds to complete each portion of the renovation.

And if anything goes missing or is the wrong size, or damaged, that's all on you, and you'll take care of it right?"

Cousin A, who continues to reside in one half and rent out the other, will report rental income and expenses for their portion on their tax return.

Bring on an equity partner and give them portion of the ownership.

Hi Jayden,If you're considering using the BRRRR strategy, I recommend looking into a bridge loan for the value-add portion.

.- I sold a long standing investment property I had owned jointly since 2009 (was primary residence before 2009) with my wife (now ex since 2022) as part of our divorce settlement in April 2023. and put my portion of the proceeds (half of the proceeds - other half went to my ex) in a qualified 1031 intermediary at closing.- I took some advantage of a potential disaster tax relief for San Diego County - which is coming into question in the designation of the replacement property since it was done after 45 day window per the relief, so would like an expert opinion if 1031 deadlines were altered by that relief for Section 6 in Feb 2023 bulletin or not.

We meet up at Wobbly Boots (moved from Ingersoll Tap due to size) on the Third Thursday monthly.