
5 November 2021 | 0 replies
So now I want to find an equity or some type of limited partner(s)!

8 November 2021 | 27 replies
The previous guidance didn't allow us to limit them to one animal per disability (though I personally did it using ADA language).Is the $17,000 fine a California thing?

6 November 2021 | 2 replies
You are limited to the LOWER of the the total cost to purchase the property as found on the closing statement (HUD-1) or 75% of the appraised value.

7 November 2021 | 3 replies
Hello All,I just got the 2nd unit of my first house hack duplex ready for tenants and am using a realtor to lease the unit.I am using a realtor to fill the unit as I have limited time and also wanted to learn from somebody else doing it.There has been interest in the unit but only a couple of people have filled out the application.We dropped/discounted the rent to be inline with whatever other similar apartments are available in my immediate area.And I believe that my unit is the best one available due to its location and the quality of the rehab/upgrades.The realtor has listed the unit on all of the usual sites and has held an open house.It looks like there are not a lot of people looking to rent apartments in my immediate area at the moment.Question:Does anybody have any advice as to what else we could do to get the unit filled with a quality tenant?

17 November 2021 | 29 replies
My assumption and do not take this personally if you are just looking for ideas on what to do with $100k vs actual guidance my guess is you do not have much time to manage a project or a short term rental so that limits your choices.
6 November 2021 | 3 replies
Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).
6 November 2021 | 0 replies
Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

17 November 2021 | 4 replies
The assignment contract should be very clear on limiting your liability, transfer recourse to end buyer.
8 November 2021 | 2 replies
I think 15k per parent / 30k total would be the limit they could give you without tax implications (gift tax).

8 November 2021 | 29 replies
The entitlement is based off of the county in which the new home to be purchased is located, the number of units (SFH-quadplex) as well as an amount that is more or less the conforming loan limit from HUD.