Jake Bledsoe
New investor seeking advice
4 April 2024 | 8 replies
Examples - owner occupied loans for house hackers, specific market knowledge (ie - friend of mine that ice fishes and bought a short term rental cabin in an ice fishing spot that you and I would never know of), ability to do renovation on your own or cheap, contacts with local companies or organizations that would be a tenant source for mid term rentals, ways to source off market deals, etc.Whatever it is, figure that out and get started.
Deven Swiergiel
First time house hack in greater Boston area.
4 April 2024 | 2 replies
Purchase price: $825,000 Cash invested: $50,000 3-unit owner-occupied building in downtown Plymouth.
Julio Vasquez
Websites Option - We buy Houses
4 April 2024 | 6 replies
If you decide you like another website builder, you will need to create these pages and content yourself.3- Do some competitive research for your market.
James Bakun
How to avoid FIRPTA tax? and how to avoid withholding requirement?
3 April 2024 | 8 replies
Do note that when the corporation one day decides to return money to the foreign person it will be required to make the FIRPTA withholding and pay its own taxes on any income the property generates.Individuals can also complete Form 8828-B for a withholding certificate relieving the seller of the duty to withhold FIRPTA.
Daniel M.
Deciding Between ZenBusiness Packages and Local Attorney for LLC Formation
1 April 2024 | 2 replies
Hey everyone,I'm at a crossroads in deciding how to form my LLC and could use some insights from the community here.
Patricia Steiner
Fannie Mae Introduces 5% Down Payment Option for Multifamily Homes; Owner Occupied
2 April 2024 | 10 replies
Look at this:"In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.
Bryan Christopher
One SFR rental property LLC or no? Additional coverage?
4 April 2024 | 4 replies
I looked into it last year, but decided not to right now and I won't give the reasons... rather I'd like to hear any input.
Lucy Yen
Brand New real estate investor
4 April 2024 | 16 replies
Decide which game you want to play.
Christine Wilcher
The debate between Personal name & LLC's
4 April 2024 | 5 replies
However your situation becomes a trickier case study since these properties first served as your primary residence which could provide additional benefits form a tax perspective not available to an owner of investment real estate and nobody has a crystal ball and knows the property with certainty will transition into an investment property.