Thoughts on purchasing a multifamily with fuse boxes..9 units, so a decent expense to update and the one thing that could make or break the deal.  

According to the SF Rent Board, the interest rate owed on deposits for the period from March 1, 2024, through February 28, 2025, is 5.2%!

You can keep the same entity to conduct real estate transactions but it’s important to update to the operation agreement before doing so.

If not, I recommend commissioning one and only taking their counsel on tax-specific questions.I have a list I keep updated and recommend through our REI bookkeeping firm if you don't currently have one.They can walk you through exactly what you can and cannot write off during these trips and what you need to document in order to write things off.It's not necessarily a simple "yes" or "no".

The path to being financially free is a game of endurance and focus over a long period of time.

Many syndications will have special days or events for investors to visit the property to see how things are running, see improvements, ask questions, etc.I invested in a syndication last year and have been invited to several events already, plus they give regular updates on improvements and performance.

If you can get the leases, build your proforma and expectations on how you will operate, not on historical evidence.If the seller is willing to open the books once you're under contract, than build that into your offer and due diligence period. 

@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

If you want an unusual, "live like no one else" life, you're going to have to take a 2-5 year period and make some serious sacrifices.

There was no information shared prior to the increase.These seem like really long vacancy periods and poor communication.