Being that competition is big, it no longer makes sense the numbers that have to be offered in order to get the deal.I’m looking in to shifting to out of state and I’m open to be on site pretty often by hopping on to a flight.I’m debating between markets in TX and Ohio but in the same time willing to hear that I’m completely off between these 2 states or that their are better.I am looking for places where population is growing, prices are not too high, landlord friendly, rent are above $1200 for 2BR, big businesses and jobs and a very big focus by me is to be in a safe area.I would appreciate if I can get some honest opinions on this.

Since I am still starting off and only have 10 units total, I do not think I would be able to provide enough work for a full time VA.

If I build a basement apartment, can I write off a portion of the expenses it took to build the house when I go to do my taxes for 2024?

I'd love to hear about your experiences so far.

My wife read online that if you use 1031 to purchase an investment property in NYC that as far as houses are concerned, you can only purchase a multi family house and not a single family house or houses.

The home has had many renovations done as far as flooring and kitchen, but the Main Bedroom and Bathroom is unfinished and the home is in Foreclosure.

Also this house was in a 500 year floodplain and a very small deck off the back.

I have learned a lot so far from this forum so I am so grateful to be able to learn from you all.

This far into the tax year, will the property tax due in October be recalculated for the new buyer or does the new buyer pay the old taxes for this year?

Starting with the question of whether you can subdivide the parcel without paying off your current mortgage, the  question is what is the home on the smaller parcel worth, rather than focusing on the current ARV of $325,000.00.