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16 May 2024 | 0 replies
I’ve also been saving up a large portion of my checks to go towards a future down payment for hopefully a multi-family property to start my house hacking journey.Just wanted to put myself out there but if there was anything you would tell a future real investor what would it be and I’d appreciate any advice given, Thanks.
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16 May 2024 | 74 replies
This year I'm looking to pick up a multi family property, rehab my first house, and pick up at least one more airbnb (either purchase or as a long term rental arbitrage).
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16 May 2024 | 4 replies
For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).
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15 May 2024 | 1 reply
They offer wealth management but they also offer joint venture deals where they look for partners to purchase Multi-Million dollar REI portfolios.
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16 May 2024 | 0 replies
Single families, multi-families, condos, townhomes, etc.What price point have I been looking in for the type of homes that I want to live in?
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16 May 2024 | 5 replies
For buying a property, the best way is getting a multi-family (4 or less) but like it was mentioned previously you're not likely to find a multi-family with enough vacant units.
16 May 2024 | 10 replies
Generally is going to be OK the only issue is that it can be challenging to confirm the transaction is truly arms-length on an off-market deal and I believe all DSCR Lenders do require Arms-Length transactions.
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14 May 2024 | 4 replies
She ate up a lot of my time and neighbors were concerned for their safety.
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16 May 2024 | 0 replies
The issue is that we can't find window guards that would work/fit these windows.
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16 May 2024 | 4 replies
Q2) Would there be an issue with this?