Elijah Quinones
Advice on comps
31 August 2024 | 8 replies
Here are some tips on doing comps when you do them:1. use the same bed count, go up or down a half bath2. start at a 1/2 mile radius from your target house (expand 1/2 mile each time to get more comps)3. start at 3 months back (expand 3 months more each time to get more comps)
Roberto Westerband
First Lien HELOC Strategy
8 September 2024 | 168 replies
I just want my payments to count more, and not feel like im spinning my wheels paying off huge amounts of interest only
Aaron Orenstein
Primary residence to rental - prepping and repairs, tax deductions
1 September 2024 | 6 replies
We had already been planning to do some maintenance and repairs (repave driveway, re-insulate attic, replace two broken faucets, other minor items), but were wondering if, for tax reasons, we are better off waiting until we close on the new home and this is no longer our primary.Can this work count toward tax deductions as preparatory work on rental property, even if it's currently our primary?
Jose Alonsoo
Hiloc loan to purchase a property
30 August 2024 | 1 reply
if this was a rental property the gain on the property is whatever you sold it for minus your purchase price (broadly speaking)… there’re are various expenses you count against both your basis (purchase price) and against your gain from the sale.
Sani Shu
Anybody familiar with Keystone Funding Network?
6 September 2024 | 79 replies
Count on 6 months for a sale, divide profits two ways (make sure to include all costs and 20-30% more than your contractor quoted) and if it’s only a few thousand a month it probably wouldn’t be worth anyone’s time, right?
James MacBean
Attention! Cash for Keys
1 September 2024 | 3 replies
My unit count is much less but the duration is around 50 years (combined my mom’s rentals and my rentals) without paying a tenant to leave or having to do an eviction.
Joseph M.
1031 Exchange and Renovations
30 August 2024 | 6 replies
Then you take title to the new property counting both the purchase price and the improvements.I'll shoot a colleague request to you if you have follow up questions for off line.
Devid Brodsky
First-time home buyer. Is 600k too much on an 85k salary alone?
31 August 2024 | 22 replies
It's also not a good idea to count tenants or income that not yet exist.
Abel Curiel
Househack NY: The Astoria, Queens 2-family market in 2024
30 August 2024 | 3 replies
It is the only calculator of its kind to help you determine: if househacking is a better investment than a traditional home purchase, how long to hold onto the investment before selling, how long to live in the property, and which unit to occupy.If this will be a traditional rental property investment (not a househack), select ‘renter’ for all units under the Summary Tab’s ‘Property Information’ section.Metrics used for the deal analysis:The purchase price is based on the median sale price - $1,450,000 Unit bed/bath counts are based on the median 5 bed/3 bath counts for sold Astoria 2-family properties this year.Projected rents are $3,200 and $3,900 respectively as shown in our median rents for 2 bedroom and 3 bedroom apartments.Not included in the analysis is ADU income.
Sachin S.
STR tax strategy to offset W2 when I buy land first and then build home ?
30 August 2024 | 6 replies
Three are audits I dealing with right not that the IRS is saying hours before renting out do not count.