Am I getting greedy to ask for an additional seller credit at closing to help offset some of repairs needed?

Additionally, forming a new LLC may require obtaining a new EIN and business bank account.This post does not create a CPA-Client relationship.

My company offers fast-closing, no credit/bad credit loan packages in 44 states and referrals in the other 6.

If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't part of the exchange?

Once you have cash in hand, you can unlock the unit for 24 hours and let him move his stuff out.I would also consider charging an additional deposit of $500 or something, just to prevent him from leaving all the trash or stealing your refrigerator.

Alan it was just as hot from about 2002 till credit froze in 08..

She didnt, and two weeks after going under contract, we got a credit-monitoring notification that this mortgage had gone delinquent.

Additionally, are there any other factors I should be considering when purchasing a duplex or triplex?

Relatively small amounts of interest income ($1600+ per year) is the highest taxed form of income I have found if you have kids at home.After earning a few grand in interest, It takes away my child tax credits and gives me an effective tax rate of 70%.   

A HELOC or cash-out refinance on your current rental could unlock additional funds if interest rates improve.