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27 May 2022 | 12 replies
Not to get too deep into health issues but I do believe chronic stress and pressure weighed in on my personal situation.
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20 May 2022 | 6 replies
I came into it with a contract law background with experience in interstate compact, my partner engineering, we were comfortable with digging deep into the law books and contract drafts.
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19 May 2022 | 6 replies
Do deep research on the state rules around this. 2) someone else talked about selling your current home and paying capital gains.
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8 June 2022 | 6 replies
Hi AllI'm writing because I bought a property in Oakland last year with an FHA loan that includes 2 building on one parcel / title: one is a single family 2 bedroom, 1 bath with a huge unfinished garage (essentially 3 cars deep), and one is a triplex, and the 2 buildings are connected by a small back yard.The triplex is currently fully rented out at $4,250 per month in rents (essentially market rates)And I'm currently living in the single family.I write both to seek advice / opinions on what to do with the property, as well as potentially get a reference for a real estate attorney to help.My goal is to get them cash flowing as much as possible, as well as increase my equity.My plan would be to get a lawyer to help subdivide the buildings into 2 titles, and then get a conventional loan for the triplex and a fannie mae homestyle loan for the single family, and use it to get additional funds needed to convert the unfinished garage into a 1 bedroom unit and then rent that out, and move out of the top unit and rent it out.The thinking behind the sub-division being that the 2 buildings separate are worth more than the 2 on one title.And the thinking behind the fannie mae homestyle loan for the other unit being that I want one more door and I want to use someone else's money to build that additional unit.Thoughts?
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31 May 2022 | 35 replies
I know a record number of businesses were started in the last two years, but I would be interested in a deep dive of that topic.
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20 May 2022 | 1 reply
Hello everyone! I just had my first successful year house hacking (2021) and had a pretty rough time figuring out my taxes and feeling confident that I was doing everything correctly. I worked alongside a CPA and aske...
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25 May 2022 | 8 replies
So, that being said, besides price -- also look to see what other things could be done to the home to increase the marketability of the home such as:• exterior painting, gardening, and pressure washing to up the curb appeal• Deep cleaning/decluttering• Minor repairs or updatesEvery home/situation is different.
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25 May 2022 | 0 replies
There are many learned don this project and if you want a deep dive I'm happy to have a conversation about what went wrong and lesson's learned.
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1 June 2022 | 9 replies
@Patrick GregoryYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...
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3 June 2022 | 11 replies
Dependig on your goals, may be time to redeploy it.4) Find a better PM companyif you decide to sell and are looking to redeploy your funds, you might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...