Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

If your situation hasn't changed much, it might not be worth paying more for premier.

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

California views all rental activities as passive activities, regardless of whether you qualify for Real Estate Professional Status (REPS) under the federal tax code.You are correct in that the minimum hours required for REPS are 750 hours.

but isn't that worth interrogating a little bit?

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Would love any input you would have, especially from Canada, but anyone really.I have helped dozens of buyers and sellers in these communities and can speak from both a Realtor and investor perspective, but not an owners view 5.

.: @Basit Siddiqi @Linda WeygantI believe it’s worth keeping an eye on this development, as this measure is still a proposal and needs to pass through the Spanish Parliament.

Quote from @Tom Server: I’m looking for advice on the best way to access about $100k to pay off my 401k loan, credit card debt, and cover some rehab costs.Here the information-  I purchased 2 properties last year, 1 is a rental property that i had for about 8 months, the balance of the mortage is 170k, worth around 300k .

I knew several that tried it, and were able to make decent money in 2021 and 2022, but none were able to scale into 10 houses a year and making enough money to make it worth their while.