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26 July 2024 | 0 replies
See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.
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24 July 2024 | 7 replies
If you're ever up for it I host the house hacking happy hour meetup once a month.
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24 July 2024 | 1 reply
If some of you think now is an awful time to do this (re: interest rates) I'm open to being told to wait as well.
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29 July 2024 | 12 replies
I spoke with the owner and looked at the house one year ago.
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30 July 2024 | 23 replies
If you have just one long-term tenant in your house hack duplex, and you're taking a $30,000 guru course on making money from assisted living or storage facilities or on running a syndication - it is probably not deductible under Section 162.
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29 July 2024 | 2 replies
Given your situation, I think the best thing to do is 1) work on improving your credit and 2) look to house hack, preferably a duplex or fourplex where you live one unit and rent out the others.
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27 July 2024 | 4 replies
I will have capital gains at the long-term rate of 15% for my first and second interests acquired, calculated as the present value the condo will sell at, minus the stepped-up value at the time I acquired each interest.B.
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23 July 2024 | 1 reply
A friend suggested setting the high school rating above 7 in the Redfin search engine, along with other filters, for my house search.
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30 July 2024 | 6 replies
The consequences are: family member comes along and sues or seller sues and gets the house back in court.
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29 July 2024 | 2 replies
Sell a house and buy a triplex.