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10 June 2018 | 6 replies
The tenants already there have bad habits and the old landlord likely let them do whatever and didn’t screen them like you would .
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14 June 2018 | 4 replies
Though I will be able to make a comfortable living working my current job alone, I don't want to put all my eggs in one basket nor do I want to work for somebody else for 40-60 hours a week until I'm too old to enjoy the fruits of my labor.I'd love to connect with and get to know who else is investing in this region, especially those of you following the BRRRR model!
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8 June 2018 | 1 reply
I am a 27 year old mother to 2 girls a 9 year old and a one year old.
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8 June 2018 | 3 replies
I am a 27 year old mother to 2 girls a 9 year old and a one year old.
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10 June 2018 | 4 replies
I sent the $2000 cleanup bill to the tenant for negligence and she is refusing to pay claiming that my homeowners insurance should cover "old pipes."
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8 June 2018 | 6 replies
@Wei WangYou may want to consider the land trust trick described here, but make sure to consult a local attorney.Also, there's this BP blog post discussing the LLC issue and this old discussion thread.
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12 June 2018 | 28 replies
So as much as I am always singing leverage's praises, I actually like a spectrum of leverage to free and clear - I know people who would refi a property when they're 95 years old because 'the equiiitttyyyyy' but most people aren't going to want to be that active with their investments in their golden years.
9 June 2018 | 2 replies
Both A and B are multi family apartment buildings.The properties are worth around 1.5-2m.I wish to keep A but sell B; preferably in a tax-deferred manner.A is in an area that has been rezoned and I wish to tear down and rebuild the property as the current building is old and I can get more than 4x the square footage because of the new zoning changes.Is it possible to sell B and use all of the proceeds to fund the development of A in a tax-deferred manner?
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12 June 2018 | 11 replies
If the house is not that old your contractor is probably correct on fixing the issue.
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14 June 2018 | 6 replies
We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low income & fluctuating (self employed only 2 years but growing slowly)Living/ renting in NJ (Very expensive market, 2 family units sell over 500K)Fair amount of debt 37K (Car loan, 2 CC, Medical bills)Just getting by each monthCombined 401K's = 150KMy 401 (100K) can be transferred with no penalty to a self directed IRA (I had opened up last year in hopes of using some cash to invest in RE) We are determined to get into REI however we're probably going to need some creative ways to do it with our current situation.