Mike Levene
House Hacking In Expensive Markets
16 January 2025 | 23 replies
I had to live in the property due to the FHA occupancy rules, so I had about an hour and 15 minute commute to work every day.I settled on Tilton (small town in central NH) because the property was right and it cash flowed very well, and was quite cheap (at the time... 240k), I could get the loan to get into the building and own 4 units.
Ryan Rubel
Short-term rental purchase, north county coastal. How realistic is this plan?
4 January 2025 | 5 replies
Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.
Meghan McCollum
Looking for Insight Into Duluth, MN
21 January 2025 | 21 replies
I have found personally some city rules for renting are simple in the suburbs and some people are specifically seeking these areas for one reason or another.
Desmond Kerr
Newbie to fix and hold but not rentals
1 January 2025 | 1 reply
Asking in the correct forum will get a better response.Read the RULES!
Anna Granofsky
Shared Housing Advice
18 December 2024 | 6 replies
I am in the process of buying my fourth unit but this situation is a new one for me!
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
I generally see literature as such, and cannot tell if having a part time employee removes the chance of solo 401k or if the custodians just don't want to deal with it:"IRS rules prohibit contributions to a solo 401(k) if you have full-time employees, but you can use the plan to cover yourself and your spouse into retirement."
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
Our top return property is far better than our average return property.I do not get to make the rules (and there are many rules/regulations that I do not like), but the rules have not prevented me from making good profits in CA real estate.
David Cherkowsky
Loan Option Advice for House Hack in Alexandria VA
5 January 2025 | 17 replies
For FHA, I would ask your lender to confirm that they considered the 100 mile rule in calculating DTI.
Nick M.
Scam/fake inquiry of vrbo property ??
31 January 2025 | 26 replies
You don't ever want to double book and have to cancel one of them.And the guest giving a phone number in the first message like in your original post is against the rules and the guest knows it.
Yooni Choi
What's considered a 'good' cash flow in Pittsburgh?
7 January 2025 | 2 replies
It passes the 1% rule, but it barely does.