The expense tracking feature is especially helpful, as it allows me to categorize expenses and track them over time.Another great feature is the tenant communication tool.

Timing: Complete the study within the property’s first tax year (by the extended tax fiing deadline) if possible; otherwise, a later study can use a catch-up adjustment but will be expensive.3.

Thanks very much.You can take some of the equity out via a HELOC to do the repairs, but it's not like you can refinance when complete and do a small BRRRR.

Hello everyone,
My name is Evan I'm new to real estate. I bought my first house 1 year ago as my primary residence. I have wanted to start investing in real estate for a while now and I have recently taken the next s...

You don’t need to tap into your current property’s equity and that property sounds like it will be a nice cash flow cow once that ADU is completed!

I think it is easier to find a deal if you are house hacking since your deal doesn't need to be a home run; it just needs to be better then the alternative (paying rent).To be completely honest the loan officer never clarify why I got pre approved for 300K and when i got into a contract for 268k and we were ready to close they said I was 800dollars off.

Just based on this number I would tell you it is a terrible market and Jason is completely inaccurate. cape and lehigh are poster child for massive subdivision built in the 50s 60s that market has been a yo yo ever since.. lot prices go down to 10k in lehigh when things are like now and then shoot up to 40 to 60k when you have a building boom like 3 years ago with outside sales influences. 

Our friend/business partner has been very supportive and completely understands these issues and we're still great friends after all.

Unfortunately, you must refinance the property completely with a new mortgage in order to pull equity out (or pursue a line of credit with a local bank). 

I figured since it has been completely remodeled it looks a lot better the the surrounding comps going for that price