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17 December 2024 | 12 replies
**Disclaimer**: Being young, I don't have a lot of responsibility so I am fine with being more hands on now to be able to have more time to spend with family later on.My what: I'm looking to buy small multi-family property to house hack and gain equity quickly over the next few years.
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13 December 2024 | 2 replies
Alternatives to ConsiderIf you want to involve an entity for liability protection or other reasons, here are some potential approaches:Assume in Personal Name and Transfer to Entity:Assume the loan in your personal name and later transfer the property title to an entity.Important: Transferring title may violate the loan’s due-on-sale clause unless explicitly allowed by the lender.
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13 December 2024 | 5 replies
(M2M Lease)A couple days later Tenent texts me and says they have left the property effectively today (bf doesn’t help out with bills, drama, etc). and wants off lease.
13 December 2024 | 4 replies
I'd suggest avoiding co-ops if you want the option to rent it out later.
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18 December 2024 | 23 replies
I would add research your state's creditor protection laws and think about keeping an open ended line of credit if you need to deploy capital later
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11 December 2024 | 3 replies
I no longer live there but come back as needed (like later today for my North Shore property).
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12 December 2024 | 0 replies
The house was on a crawl space, which will become important later.
12 December 2024 | 2 replies
Document all of what you do if you are going to get it done for them, and/or if you cut them a check then make sure it is in writing that it was all done and they cannot come back to you at a later date asking for more money/mitigation.
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10 December 2024 | 14 replies
My underwriting showed negative cash flow of almost $6k/month. 3 years later i am up ~$1m and have positive cash flow of over $4k/month.
10 December 2024 | 2 replies
Most people make the mistake on putting to much moey down or use "All cash" and then need to pull it out later at a higher rate.