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17 January 2025 | 2 replies
You might choose not to renew leases, make improvements, and then raise rents after taking over.
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13 January 2025 | 45 replies
.- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
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14 January 2025 | 3 replies
The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos.
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22 January 2025 | 14 replies
BiggerPockets or LinkedIn can also help you connect with like-minded individuals.
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29 January 2025 | 107 replies
At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.
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7 January 2025 | 12 replies
It depends on where you want to live, income, personality, and other factors.You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems.
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16 January 2025 | 0 replies
Clear opportunity for improvement How did you find this deal and how did you negotiate it?
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12 January 2025 | 5 replies
I'm currently building up capital for future ventures and properties that I find on market, as well as attempting to find the best brokerage where I can work under an individual who is already more established.
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27 January 2025 | 6 replies
Despite only renting for two months, this tenant's aggressive behavior is creating a hostile living environment for other residents.Specific Issues:He complains about our lack of notice when entering the property during our own move, despite prior notification.He has moved items around the house without permission.His communication has been condescending and confrontational.He installed a surveillance camera in a common area, violating the lease agreement.He banged on the door because he couldn't use the smartlock code properly.Considered Actions:We plan to serve him with a notice to vacate.We are considering having a constable with us when we serve him the notice.Questions:Should we just give him warnings considering that his actions may not improve?
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27 January 2025 | 8 replies
Rental income will still be taxed as Oregon source income, and you will also report it on your California individual tax return as part of your worldwide income.