In such a location, you can use cash-out refinancing.

They've mandated its demolition but have allowed me to build an even larger addition (500 sq ft).The city is requesting building plans for this new addition.

This is a sign that buyer demand for Austin area housing, though lower than previous years, is still very healthy.Here are the full stats for Austin and the greater metro:Here’s a chart showing the monthly median sales price of a single-family home in the City of Austin in 2024:The median sales price for a single-family home in September 2024 was up roughly 11% from the beginning of the year.

I would like to offer my client alternative solutions, and sober living may be a viable option to make this property cash flow.If you are a sober living operator in Los Angeles County or know someone I can connect with, please feel free to reach out!

What do you think about this?

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

Hello All - so nice to join this group of seasoned investors.

Hey Raghul,This is a classic debate every investor faces at some point.

@Angel PengI have dealt with this in the past by first checking the lease, and if it is now month to month, I will give them notice that I am terminating the lease in, say, 60 days.

Im just starting out - looking for ways to break into the real estate world.