17 November 2021 | 1 reply
style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-family: "open sans", sans-serif; font-size: 1rem; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 22px; vertical-align: baseline; position: relative; overflow: hidden; caret-color: rgb(52, 65, 77); color: rgb(52, 65, 77); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration: none; height: 296px;">Who knows about the laws and rules regarding the # of units within a condo that are allowed to be rentals vs. owner-occupied?
17 November 2021 | 7 replies
But after looking outside I noticed a security camera pointed toward the street and front of the house.
18 November 2021 | 7 replies
Again this will be my first attempt at securing a contract an going through the steps needed for my first check!
23 November 2021 | 9 replies
This is roughly: Phase 1 includes education on house hacking and small multifamily investing, creating a basic network, and saving any extra cash.Phase 2 is my initial searching and closes with a contract, estimates for renovations and completion and revaluation of the property.Phase 3 is the actual year of living at the property while saving cash flow up to then later pick up a second property.Phase 4 is freeing up the original multifamily for full renting, and securing a second property to repeat the process and gain capitalPhase 5 is securing a mid-size multifamily complex either with capital on selling one of the two first properties or with saved up equity.
17 November 2021 | 1 reply
My brother and I are trying to figure out a way to secure this property, but we don't have the $50ish thousand to finance it traditionally.
18 November 2021 | 5 replies
I google everyone, either way, though, and trust that homeland security is on the ball as well (LOL, yeah...)
11 December 2021 | 10 replies
Have you thought about partnering with someone to secure a larger (more doors) property?
18 November 2021 | 6 replies
I was able to secure my first investment about a year ago now (see post below) and I am currently saving capital for my second investment.
1 December 2021 | 3 replies
Neither the other co-owners, nor the sponsor, nor the manager may advance funds to a co-owner to meet expenses associated with the co-ownership interest unless the advance is recourse to the co-owner (and, where the co-owner is a disregarded entity, the owner of the co-owner) and is not for a period exceeding 31 days.The co-owners must share in any indebtedness secured by a blanket lien in proportion to their undivided interests.Distinguishing a Partnership From Co-Owners of Leased PropertyIn the case of property to be purchased by more than one equity investor and subjected to a long-term triple net lease, it may be possible for each equity investor to structure its participation as a purchase and lease of an undivided interest in the property, separate from the other equity investor's transaction, so as to preserve arguments that the equity investors are mere co-owners.
18 November 2021 | 4 replies
It's 3x the weight of wood.