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5 April 2024 | 1 reply
Before diving in, it's crucial to grasp the basic types of real estate investments:Residential Properties: Investing in homes where people live, ranging from single-family homes to multi-unit apartments.Commercial Real Estate: Involves properties used for business purposes, such as offices, retail spaces, and warehouses.Industrial Real Estate: Includes manufacturing buildings, storage units, and distribution centers.Land: Buying undeveloped land with the prospect of future development or resale.Step-by-Step Guide to Starting in Real Estate InvestingStep 1: Education and ResearchThe foundation of successful real estate investing lies in understanding market trends, property valuation, and the economic factors influencing real estate prices.
5 April 2024 | 8 replies
If I sold the unit today, I will walk away with $100K in profit after agent commission etc.Given I cannot offset rental losses ($26K) against W2 (not a RE professional), any advice re: thoughts below:1) sell the rental in the next 3 years (under the 5 year and 2 as a primary occupant) to avoid Capital Gain.
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4 April 2024 | 6 replies
Hello Everyone!
Looking forward to making new connections. learning from others and scaling my real estate portfolio. I've been investing for 15+ years and have a reasonably strong track record of personally acquirin...
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5 April 2024 | 7 replies
Or if it blew a tree over on the house/fence/AC unit it adds up pretty quickly.
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5 April 2024 | 10 replies
You need two years of income history or recent college degree with employment, and about 4% cash of the sales price in checking/savings for 1-2 units.
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5 April 2024 | 0 replies
I'm interested in single families all the way up to 3-400 unit apartment communities.
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5 April 2024 | 5 replies
And if you have a house with a basement apartment, you could not rent upstairs and downstairs separately.If you own an entire duplex or bigger multi-unit, you can only short term rent one unit.Takes effect Oct. 31, 2020.Want to know more?
5 April 2024 | 27 replies
In short, House hacking involves living in one unit of an SFR or Multi-unit property while renting out the other.
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5 April 2024 | 5 replies
It has extra land where we plan add another 1-3 rental units.
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5 April 2024 | 3 replies
The price was too high, initially wanted to combine the units to make a duplex.