We did the cost seg year one so all the tricky accounting is out of the way.

I agreed to keep the brother in place for 3 months and I believe it was this flexibility that won me the deal and kept other investors out of the deal.

I agreed to keep the brother in place for 3 months and I believe it was this flexibility that won me the deal and kept other investors out of the deal.

We also can't have renters dealing with the humidifiers as it is a mold problem/foundation issue if it isn't taken care of.We are taking pictures and videos of everything, we have multiple professionals that have documented everything (and told us to lawyer up) and have neighbors that we have already had agree to discuss their drainage problems when we get a lawyer.  

It's a great opportunity to buy them because you can get a smoking deal....but trying to sell them is incredibly hard right now.

When you house-hack, you have a property that is both a personal residence and an investment property.As such, certain costs, such as real estate taxes, mortgage interest, snow removal, insurance, etc have to be prorated.There are other costs that, if directly made to the investment property section, can be directly deducted.

Right now, the buy-in is so high in NJ, they are locking up deals at prices that aren't sustainable and chasing spreads that are way too big.

What made you interested in investing in this type of deal?

The fact that you’re not seeing positive cash flow for a few years is something to weigh carefully—sometimes a slightly better cash flow deal in a different area might be worth considering.

It is to the point it is probably annoying to the guest.If you do not have the time or patience (or staff) to verify and deal with fraud or issues, it may not be for you.