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6 February 2025 | 2 replies
Now, are you planning to house-hack and live in one unit, or going full rental?
7 February 2025 | 5 replies
I also never lived east of 33rd Ave at that time.
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1 February 2025 | 14 replies
A couple of years ago, I worked with an investor who never updated the contact information for the loan and the Bank call the seller (ex-wife), that day she was mad at her ex-husband and told the bank her ex allowed someone to steal their property from them and they got no money, she was kicked out of her house and there were strange people living there.This could all have been avoided if the investor did this process correct.Get educated, also I do not know your attorney but not many attorneys have the knowledge to do this process correctly.
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4 February 2025 | 2 replies
While you may be willing to live without heat/ac or hot water for a week.
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30 January 2025 | 6 replies
I would love to hear any suggestions about where I should look to live in the area.
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8 February 2025 | 7 replies
You do not have to live in the home in order to do that!
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25 February 2025 | 7 replies
Selling to an entity you own and renting from yourself looks like a tax dodge to the IRS, and they’ll likely reject it.Better AlternativesIf you’re looking to maximize deductions, consider more straightforward strategies like:Renting out part of your home (like a basement or room) while still living there.Keeping clear records of home office expenses if you work from home.Investing in other rental properties that aren’t your primary residence.Michael Plaks explained it really well in his response.
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6 February 2025 | 7 replies
Houston's got a lively mid-term rental scene, great for folks staying a few months.
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2 February 2025 | 1 reply
TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition
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21 February 2025 | 17 replies
You'd need to show the income on your tax returns and/or have a lease and first month's rent/security deposit for the unit you were living in.