Here is the year-to-year performance on that cabin since 2014.

Fire damaged homes can easily scare many potential buyers away which could work in your favor, that of course is up to your negotiating skills.The short answer is YES, fire damaged homes present opportunities to the right buyers who can negotiate the right price and perform the rehab efficiently. 

That's because there are no tax consequences to the grantor until the option lapses or is exercised.If the option lapses (that is, the holder chooses not to buy the real estate), the grantor has income equal to the amount paid to him or her for the option.If the option is exercised by the holder (that is, the holder buys the real estate), the sale proceeds for purposes of determining the grantor's gain or loss on the sale of the real property includes the amount the grantor received for the option.The grantor's tax deferral can only be achieved if the agreement is a true option. 

He has a couple homes in Lake Lure that perform really well.

Hopefully the market does not see the same rate of escalation that we did a year ago but the fundamentals look quite similar.Disclaimer: The information provided here is for educational purposes only, past performance is never a guarantee of future performance.

With regards to value after renovations..If you're performing rehab work, include this cost with the purchase price in your initial cap rate calculation.If your increasing the NOI after purchase, update this number once complete.To calculate your post value, you need to know the local market cap rate.

With that said, the house went up for rent and is performing beautifully as a short term rental property.

With that said, the house went up for rent and is performing beautifully as a short term rental property.

Hello - Looking to buy my first multi-family home in Cincinnati and perform a house hack to start my career in real estate.

Perform a Cash-Out Refinance on your primary residence.If you don't have enough equity in your primary residence, then you can do either of the following:3.