Sam Trulli
Duplex vs Single family House Hack
20 July 2024 | 32 replies
This can help offset your mortgage and other expenses.Single-Family Home: If you choose a single-family home, you may have the option to rent out rooms or a separate unit if there's space, but the income potential might be lower compared to a duplex.Affordability:Duplex: Financing a duplex might be more challenging, but the rental income can assist with affordability.Single-Family Home: Single-family homes might be more accessible for first-time buyers, but you won't have rental income to offset expenses unless you choose to rent out a portion of the property.Property Management:Duplex: Managing a duplex involves dealing with multiple tenants and units, which can be more time-consuming than managing a single-family home.Single-Family Home: Managing a single-family home is typically simpler since there's only one tenant.Privacy:Duplex: Living in a duplex means you'll share a building with tenants, which could impact your privacy.Single-Family Home: Offers more privacy as you won't be sharing the property with renters.Market Conditions:Duplex: In some markets, duplexes may offer better appreciation potential and cash flow due to the rental income.Single-Family Home: Depending on the location, single-family homes may have better long-term appreciation potential.Long-Term Plans:Duplex: If your goal is to accumulate rental properties, starting with a duplex can be a good way to get into real estate investing.Single-Family Home: If you prioritize a more traditional living arrangement and don't want to manage rental units, a single-family home might be a better fit.
Grant Stepanic
Fix & Flip Vs. Buy & Hold
17 July 2024 | 1 reply
Long-Term Appreciation: Buy & hold focuses on long-term wealth accumulation through property appreciation and rental income.2.
Gino Barbaro
Where Do You Think People Fail When Not Achieving Financial Freedom?
22 July 2024 | 71 replies
If you start with that knowledge early you have time on your side to develop financial freedom, as in 30 plus years to plan, accumulate and earn.
Arjun S.
IRS Section 121 tax question upon sale
16 July 2024 | 3 replies
Barring some complications (such as her having sold her previous home recently), you should get the full $500k exclusion, but you will need to pay tax on $30k of accumulated depreciation.
Shane Boyle
House hacking with FHA
17 July 2024 | 20 replies
So when you get to 20% equity, you can refi for cash out, or for a lower rate -w/o the pmi, which allows for cash accumulation.
Karen M.
Recent experiences w/ Peer Street and Fund that Flip?
16 July 2024 | 7 replies
I recently made the decision to make a new $1,000-$1,500 investment every 2 months or so ($450/mo recurring investment plus whatever interest has accumulated gets reinvested).
Jay Hinrichs
national rent control
22 July 2024 | 120 replies
Other examples of Private Property rights under attack are when countries impose exchange controls to keep people from taking action to negate the confiscation of their accumulated wealth through rapid inflation; when government imposes ridiculous limits on individuals right to improve their real property; when restrictions are placed on assets individuals can own (it was illegal in the US to own gold bullion until our currency was no longer backed by gold); and when taxes are imposed on wealth for the purpose of redistributing that wealth.
Julien Jeannot
Best type of Property to House Hack for first time home buyers - Duplexes?
14 July 2024 | 11 replies
Over time, this can potentially lead to significant wealth accumulation. 4.
Veronica Jones
How to pursue personal goals
12 July 2024 | 1 reply
Hello everyone, With deciding to start in real estate, my main goal is to create enough equity in the properties I obtain to build a house and buy land (10-12) years down the line.Though the market always changes, I figured with investing into highly appreciating markets now, the properties I buy will accumulate the equity needed to be able to sell in the future which in turn will lead to the income needed to build and buy land.
Brendan M Hornung
Tenant Wants to Terminate Lease After 1 Week
12 July 2024 | 9 replies
This will happen when you rerent the unit at which time you will offset with any rent accumulated but unpaid while marketing for a new tenant.