
30 July 2024 | 3 replies
. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?

29 July 2024 | 6 replies
Then they said she had $300k in escrow, so sent her $10k?

29 July 2024 | 25 replies
Then some good some not so good areas.

29 July 2024 | 1 reply
May be worth a go with vacant land...Go to the County Assessor's webpage and look for: HOW TO FILE AN APPEAL (THEN FOLLOW THE RULES)Contact the county assessor.

29 July 2024 | 13 replies
I hate to miss out on the accelerated depreciation with the CSA.Hey Patrick, To make things smoother, you may just want to make the newly constructed residence a rental for two years and then move in after.

29 July 2024 | 4 replies
Once you have the lending figured you can get the contract and then get the specific financials form the owner.

30 July 2024 | 8 replies
I highly recommend speaking with a financial advisor or your current advisors then bring a tax professional into the conversation.

29 July 2024 | 2 replies
Although the rental increase will be modest, I am considering waiting until April 2025 to send the renewal, which would then start on July 1, 2025.

29 July 2024 | 3 replies
My goal is to house hack a multi-family and then move out after 12-18 months when I am able to buy my 2nd property. 2 of the units are under lease agreements. 1 unit is vacant (which I would be living in).

29 July 2024 | 10 replies
A door lock doesn't function, four cracked windows, a broken door handle...those sound like issues the PM should have found during the inspection.When you get a lot of repair requests from a new tenant and they seem to be legit, I would recommend they spend a week or two getting settled, write down all the issues they come across, then send your contractor to handle everything at once.