Excited to embark on a new journey! After years of serving in ministry, I’m stepping into the world of real estate investment. Looking forward to building communities in a new way—creating spaces and opportunities for...

Good afternoon, I just closed on a multi-family property (4 plex in an older home) . 3 units are rented, 1 is vacant and there is a shared common area for laundry.

Cold called this property owner who wants $150K for this 2 bedroom, 1 bathroom 928 square foot home. 

Look at the potential rental income and whether it will cover your costs, including property taxes and maintenance.Taxes.

At least 2-3 times each week, I get a referral or lead for someone wanting to buy an investment property with 5% down that cashflows $23.00/month with an insurance estimate that is half of what's realistic.

I'm not sure what the path to begin looks like, but I've been researching about different approaches, specifically multi family properties and House hacking.

If a property needs a lot of work, it might have a hard time passing VA (seller won't make any repairs to get the property sold). 

Purchase price: $285,000 Cash invested: $135,000 Side by side 2-family properties (4 units in total), which needed either updating or a full build out.

The best way to have a reliable tenant in your property is to:Buy a property that attracts a tenant segment with a high concentration of reliable people.Work with a property manager who can consistently select reliable tenants.

Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?