Luke Stewart
Downtown Chicago Midterm Rentals
11 October 2024 | 41 replies
Point is, yes, this strategy works and MY place works well for business travelers (individuals) and the occasional medical professional (who--no offense--ALWAYS asks for a discount :).
Tanya Maslach
Doing a BRRR in Kansas city (MO or KS) for Mid Term Rentals?
8 October 2024 | 5 replies
Kansas City has a strong medical presence so traveling medical professionals are always needing a place to stay.
C Rutherford
Responding to tenants
12 October 2024 | 9 replies
Of course blaming me, complaining about other people, talking about her medical issues and son and how they need a place without stairs and need to move, and on and on.How are other landlords handling this?
Ben Stanley
How to utilize $9k in a 401k
10 October 2024 | 9 replies
The last thing that comes to mind would be moving the funds to a rollover IRA and withdrawing them with help from your tax advisor or CPA to qualify for the first-time homebuyer exemption.
Emmanuel Barrientos
2nd FHA Loan | House Hacking
7 October 2024 | 10 replies
The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.
Amanda Paugas
Sober living house
8 October 2024 | 23 replies
I know for DSCR especially, lots of lenders don't like sober homes unless there's truly no medical services offered.
Alton Swann
58 unit Multifamily in prime location
8 October 2024 | 0 replies
It’s just 7 miles from the beach, 2 miles from a large new hospital and medical campus, and within 2 miles of the county government offices.
Bharat Panuganti
Question about cap gains exemption
1 October 2024 | 2 replies
If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption?
Monil Shah
Advice on navigating a flip of resedential property to a commercial one
7 October 2024 | 0 replies
this property is zoned for office / medical facility, multi use but has a residential house on it.would love advice from the community on how to1. analyze potential2. source funding3. evaluate market value of property for purchase4. building the development team
Kegan Brenner
What does diversification look like to you!?
14 October 2024 | 37 replies
While they tend to offer lower returns than stocks or real estate, they provide stability and consistent income.Another potential avenue is health savings accounts (HSAs), which offer a triple tax benefit—contributions are tax-deductible, earnings grow tax-free, and withdrawals are tax-free if used for qualified medical expenses.