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6 September 2023 | 2 replies
The Plan: Our plan is to purchase the property as our primary residence, live in it for the next two years until our son graduates from high school and turn it into a rental.
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7 September 2023 | 11 replies
I would also recommend posting in your local Airbnb host group(s) on Facebook.
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18 November 2021 | 40 replies
My day job is a hospital pharmacy in Palo Alto.
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6 February 2023 | 33 replies
My son's rent was increased by 2.8%.
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8 September 2023 | 7 replies
For example, suppose I sold my house for $500k and put $250k as a down payment whereas my son has no downpayment.
30 July 2020 | 1 reply
This is my version year to year and I would appreciate any feedback.Overview: - End Goal: 100 tenants and thrive with FIRE so I can spend more time with my Son-Strategy: BRRR House Hack - Use Multifamily Properties and buy Apartment buildings- Financing: FHA LoansYear 1: Knowledge and Resources-Obtain 3.5% down payment ($10,500 of 300,000) from job (UPS)-Gather knowledge: Read/Listen to Real estate books, Listen to Podcasts, Look at properties and practice 2% test and math-Build the real estate Dream Team -Big 5: Real Estate Agent, Lender, Contractor, CPA, Lawyer -Bookkeeper (Optional), Insurance Agent, Property Manager (Optional at first)-Give team a better nameYear 2: Buy-Buy First Property (3-4) units that need simple cosmetic repairs and force equity-Move in (house hack) and rent out other units.
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27 August 2020 | 2 replies
There are a couple of CPA"s on the messageboard that are based in the tri-state area.Feel free to reach out to a couple and use the one you connect with the mostHouse hacking makes your tax situation more complex.You purchased a property that is treated as both an investment property and a personal residence.
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20 August 2023 | 22 replies
The part that you can have more certainty on is the expense side, where you can get real #´s on utilities, turnover etc.
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22 August 2023 | 1 reply
My family has been in Real Estate since the late 1970's on Hilton Head Island - and I would be happy to assist if you have any generic or specific questions.
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25 August 2023 | 0 replies
Me and my dad sat down and said Dad can we put a couple of your rooms up for real estate room renting he said yes long as there's no money coming out of her pockets so I went on a couple platforms the first one I started with was my Airbnb I posted it up there nobody got anything out of it like nobody then I went to renters.com and found two potential clients and she also had a son so it was okay for my dad and now they live there full time they're paying us 3200 a week and we make about $2,400 How did you finance this deal?