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28 July 2024 | 2 replies
A smaller house on the same block sold as a STR this year for $640k, is smaller sf, half the size pool and smaller yard.Trying to put a number to this property, thoughts?
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25 July 2024 | 8 replies
They should have been more attentive, but honestly if the tap on the side of my house was open, unless my neighbour saw it, I wouldn't know it was open.
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28 July 2024 | 2 replies
I'm considering purchasing a property in a city where the average household income is around $50k per year, and houses are selling for $250k to $300k.
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28 July 2024 | 1 reply
One property is about 3 acres that my main house is on and the other is just land with a well on it and it's about 2 acres.
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27 July 2024 | 4 replies
Once the 1031 exchange is completed (again assuming 1031 compliance), I can continue to rent the property indefinitely or at any point after 2 years of rental, use it as a primary residence and thereafter living in the property for at least two years qualify to use the Section 121 Exclusion to eliminate capital gains entirely (gains estimated to be about $70 K, well under the $250,000 single filing limit).
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28 July 2024 | 3 replies
With gutters, the water shouldn't get too close to the house unless there are strong winds, the land is incorrectly graded or the downspouts are too close to the house.
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26 July 2024 | 9 replies
If they fail to clean up or continue to violate the rules, give them notice and get rid of them.
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26 July 2024 | 1 reply
I called back ONCE a day for a week to continue to try and get it resolved.
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28 July 2024 | 1 reply
We currently own one door (split acquisition and closing costs and contribute equally to management and ownership), and have split equity and cash flows from the property - also pretty standard in my experience.My question is this - I want to purchase a house hack and would like to use our current business entity for accounting purposes (tracking income / expenses / etc).
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29 July 2024 | 9 replies
I used that for the first few tenants I had when I was house hacking. :)