Justin Williams
Buying residential multi-family unit apartments ( 2-4 units)
20 March 2024 | 3 replies
Fannie/ freddie have different guides on this, and i do see different lenders interpret them differently. for example, one requires you to OWN your primary residence in order to use rental income on the subject MF, the other will let you do rental income from your MF subject property with a "present housing expense" (rental housing expense being ok) so long as you have a 1 year + history of landlording (which it sounds like you do). maybe ask your mortgage pro if they are giving you credit for rental income from the subject property units?
Jacopo Iasiello
Data is change in 2024
20 March 2024 | 0 replies
It's a testament to the power of liquidity in a market driven by speed and certainty.Median Sale Price: Hold onto your hats, folks!
DC W.
Sell or 1031 Exchange?
21 March 2024 | 6 replies
They're going to require that you file a form with them every single year (it's Form 3840) and on this form you need to report back that you still own the new investment property, and that you haven't sold it and haven't received the income from the sale.
Crystal Kennedy
Request for multifamily/airbnb tax professional
19 March 2024 | 4 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
Nicholas Betancourt
Looking for Cash Flow Deals In Texas
21 March 2024 | 8 replies
Negotiate purchase price and financing terms aggressively to secure favorable terms, exploring different financing options like FHA loans, VA loans, or conventional loans with low down payment requirements.
Keith Thomas
Are shipping containers still a thing ?
20 March 2024 | 6 replies
they are more expensive than stick built take years to get approved through the building departments in many jurisdictions and the folks that buy them are eclectic to a certain degree.. they work well in Rural settings where you can really lock them tight and leave and not worry about thieves.
Matthew Masoud
Hot take: Personal booking websites for your STR are Mandatory
22 March 2024 | 22 replies
Although most hosts don't allow it, they're leaving lots of money on the table.Tread cautiously as this does violate many platform's terms of service.Additional steps are required to protect yourself, which I'll review in the Drawbacks Section of this postGoogle SEODepending on your niche and location, you can rank on Google Search for "rentals in your city".
Stephen Bruce
Tenants without a Lease?!?!
21 March 2024 | 16 replies
The estoppel will probably require you to make contact with these tenants and come up with an end date on the lease.
Parker Ernsthausen
LOOKING FOR INPUT ON NEXT STEPS TO SCALE - Mid Level Investor
21 March 2024 | 9 replies
This of course requires the property to be cash flow positive.2 - The equity accumulated from appreciation (only) must equal the equity you payed for,...the DP.
Geoffrey Graham
Co-ownership software to manage shared use / time?
19 March 2024 | 7 replies
More of an turnkey SMB solution for a property co-owned by half a dozen folks than a enterprise-type solution.