9 December 2021 | 10 replies
I often see lots of duplexes selling for only 20-30k less than a similar quality triplex, so to me I'd rather pick up the 3rd unit for pennies on the dollar, ESPECIALLY if you're utilizing a low down loan product.
5 December 2021 | 1 reply
All right so I bought my house in July 2020 , the mortgage on my house is $4050 , I rent the first floor for $2400 with utilities included , they just finished year one of a 3 year lease , the second floor is renting for $2150 with utilities separate but as of January 1st the rent is being raised to $2,300 with utilities still separate.
6 December 2021 | 14 replies
Also helps me answer the same, I have a current HELOC but have not utilized it yet, looking for the right opportunity.
5 December 2021 | 2 replies
@Alex DelTaxation when it comes to house-hacking can become very complex.To answer your question - Yes, you would include the utilities billed as income.You would be eligible for a potential deduction for the actual utilities used by the tenant that you paid for.
15 December 2021 | 16 replies
There are strategies that you can utilize to make your offer stand out.
6 December 2021 | 7 replies
For example, the mortgage is $1000 and i can collect rent for $750, leaving me to pay the remaining $250 for the mortgage plus utilities.
7 December 2021 | 15 replies
Purchase price: $405,000 Cash invested: $4,000 2 bedroom 1.5 bath with $480 true cashflow (PITI, CapEx, Vacancy, Utilities, etc..)
8 December 2021 | 4 replies
If you start pumping me for free legal advice, I will probably politely disengage.I hope this helps you find and interact with lawyers.
6 December 2021 | 1 reply
Those can be tinkered with and upgraded along the way, but in my experience most agents who enjoy the utility of their website will eventually move to a host service that adds a lot of bells and whistles onto the website (SEO, CRMs, blog posts, etc).I’d start with this: many brokers have a master website with the ability for each agent to have a micro-site within it (could be an agent page, possibly some search functionality, etc).
17 December 2021 | 63 replies
Solution: invest the $1MM gain into a mobile home park syndication where cost segregation / bonus depreciation is being utilized.