We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.

This if for NJ, do we know what timelines we are looking in terms for payments from the state ?

She said she doesn’t want to be a landlord but has listed 2/6 units for furnished long term rentals to see if she can generate more income than her current STR situation is bringing in.

An exit strategy is advisable when considering an owner financed transaction with variable terms. 

I’m hoping BP will come in handy for me here. I have a unique situation where an elder lady wants to gift me her house. The only problem is she has a reverse mortgage on the property. So instead of gifting me the prop...

Lauderdale and I focus on sfh flips and long term rentals

The purpose of my post was to share some marketing methods with investors who are looking for ways to buy houses either at a discount or with favourable financing terms.

@Marcel Johnson @Rick AlbertOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.  

@Jonathan Soto Fix & Flip is another job that just generates income.Buy & Hold (rentals) should generate income over time AND build long-term wealth - if done correctly.So, what are your short-term & long-term goals?

lots of folks have summer places there and also rent them out short term.