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7 March 2024 | 9 replies
The only thing you said that made any sense is that you want to "purchase your Primary Residence."
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6 March 2024 | 22 replies
Your house is basically giving you this deal, except there is a catch -- in order to make that kind of money, you need to put up $860k cash upfront.
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6 March 2024 | 2 replies
He mentioned that he would have to take the kitchen out in order for it to be an ADU?
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7 March 2024 | 22 replies
@Kyle Swengel I would definitely recommend working with a real estate investor friendly CPA in order to ensure you are taking advantage of all of the tax benefits available to you.
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6 March 2024 | 16 replies
When deciding between investing out of state vs home hacking in Oakland, keep the following in mind.Oakland House Hacking:Proximity: Living in Oakland while house hacking enables you to maintain a close proximity to San Francisco, which might prove advantageous for property management and maintaining connections with the local market.Possibility of Appreciation: Property values in the Bay Area have increased historically, which is good for accumulating equity over time.Local market dynamics, tenant preferences, and potential obstacles might be simpler to comprehend when one is in a familiar location.Demand for Rentals: Oakland has a robust rental market, and you can discover good demand for rental units if you pick the appropriate property and location.Creating Local Connections: If you live in the Bay Area, house hacking can assist you in making local contacts with property managers, real estate agents, and other investors.Investing Out of State:Investing outside of your state may be more affordable and enable you to use the same funds to buy more than one property.A few out-of-state markets can have more favorable cash flow prospects in contrast to the pricey Bay Area market.Geographic diversity, which can help reduce risks related to market-specific variations, is made possible by investing in a variety of markets.Hiring a local property management business, which offers a more hands-off approach to property management, is often necessary for out-of-state investments.Remember, both options have their advantages and challenges.
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6 March 2024 | 3 replies
What would be the proper solution to this in order for a potential buyer to be attracted to this deal and inherit the tenants?
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7 March 2024 | 18 replies
You're absolutely right; the digital age has made networking more accessible than ever.
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6 March 2024 | 1 reply
Factors like your home's size, location, and any improvements made play a role.
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6 March 2024 | 7 replies
You need a specialty provider firm specializing in these types of account to set up IRS-compliant plan for you.Solo 401k plan is not for everyone, you must be eligible in order to establish one.
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6 March 2024 | 25 replies
The longer you use them, the harder it is to get away.Oftentimes, they undercut the nightly rate in order to get bookings.