I had a similar situation in Irvington Nj, a quadplex as well, with four below market tenants. the city's rent control rules: 472-1 Establishment of rents.

CREATE A GREAT DAY!

Asset class conversion creates an opportunity for Massive value-add, creating enough value for a cashout refi, allowing for millions to be taken out without a sale, which means no Capital Gain, which means no taxes.

Let's make some meaningful connections and create opportunities together!

Another factor that could create the amount owed is if your employer is not withholding enough in taxes and it was not caught until tax season.

I decided to create an ad for the house via Facebook marketplace place and I generated more traffic on my house in 48 hours than my realtors generated in the past 6 months.

Hometrust has never offered such a deal (their rehab estimates are laughably low) I would like to hear what other investors are finding that even comes close to the 70% rule and how you are finding them. 

In August 2023, the the United States District Court, Western District of Texas, Austin Division ruled that Type 2 licenses must be made available in the same parts of the city where Type 1 (aka owner-occupied) licenses are available.

I love being a business owner, and I feel like building businesses and creating job opportunities through that is my true calling (I’m very passionate about social entrepreneurship).

The reason I ask is that I am working on creating my database too and as I am sure you know, Its never easy!