Hello - My wife and I are closing on our first multi-family property in Puyallup, WA next month and are in need of good contractors.

I've done a SFR and looking for more to include small multi but a little harder to come by. 

He has now proposed to complete the renovation of my multi-family in exchange for ownership of the other property.

If so, what is the difference from purchasing a piece of land to lease than a multi family home?

Just to be clear, you are asking if you should (a) walk away with $20,000 or (b) take a multi-year 100 point hit to your credit and potentially be sued personally for any outstanding debts that aren’t extinguished by the foreclosure auction (depending on the rules in your jurisdiction)?

I am looking to buy and hold properties and I would like to eventually get into larger multi family having a background in it.Anyways, that’s my story if I can help you guys in anyway feel free to reach out.

The properties are owned by our LLC.Assuming nothing changes from the current tax perspective, what is the "smartest" tax-efficient method of getting this equity out of our investments:1) Cash out refi $1.6m (80% LTV of all the assets) and invest that money in a more liquid (albeit lower return) investment vehicle?

I'm wondering if I can still take advantage of househacking benefits if I partner with a friend who would be living in the multi-unit.

I'm primarily looking for multi-family units that cash flow.

Great neighborhood, that’s where I live but not ideal for REI..Most apts are Coops the majority of boards won’t allow you to rent and if they do there will be restrictions..SFHs, Multis or Condos prices are very high, it will be difficult for positive cash flow every month..