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18 June 2018 | 6 replies
It might be able to be done without even losing a bedroom, but even if it goes from 4 bed 2 bath to a unit with 2/1 and a 1/1 unit, the rental income (or sale price) should be higher than a 4/2 SFR in the area.That said I'm not sure if there's something I may be overlooking.It already has 2 exterior doors positioned nicely with separate porches and room to have cars parked on different sides of the house (it's on a street corner).I looked up the zoning regs for how the plot is classified and it is allowed by right (don't need to apply special allowances or rezoning) to have multi-family housing on the plot.The rehab would already have it gutted enough that the changes to plumbing and electrical would be easier.I don't have any idea how hard it is to get separate metering for water/gas/electric.
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18 June 2018 | 0 replies
Hello, I have a question that I need classify on.
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18 June 2018 | 0 replies
Hello, I have a question that I need classify on.
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18 June 2018 | 0 replies
Should I classify under "other?"
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21 June 2018 | 6 replies
The person I spoke with essentially stated he didn't know but assumed any activity or service that was not classified as "a professional service" would be subject to the tax.
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9 September 2018 | 17 replies
@Thomas S.... even though 85% of my rentals are not section 8 I would not classify the people how you are.Here's the deal.... trash is trash... it doesn't matter if they are white or black.
11 September 2018 | 10 replies
I would classify this property as cash flow negative even at 80% LTV.I am assuming that the only value add is adding the 1 BR/1 Ba which I think you cannot add.
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1 October 2018 | 5 replies
Look at Legal Notices under the classified section.
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14 September 2018 | 2 replies
It's questionable whether the IRS would classify this as a 'hobby' instead of a trade or business as its not continuous.
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15 September 2018 | 7 replies
@James Webb The only way you could reduce that income is if it was truly passive income or you are classified as a real estate professional.