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I am planning to sell a property and 1031 in to 3. I currently have a loan on it. It's my understanding that I have to spend all my net, buy properties that, combined, exceed the sale price of my current property, a...
Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. I always...
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Hi there, I am looking for my first House Hacking investment and planning to use an FHA loan, I am currently located in Chicago, IL.
Question 1: Can I apply for FHA under my name, live in one unit and then, rent th...
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I'm often presented with opportunities to acquire investment condos in Orlando, Miami, and other popular Florida cities.
I always decline.
Read the article below to understand better why "condo" and "Florida" are no...
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I received pre-approval last weekend, but I would like to shop around and see what other lenders have to offer me. What I am trying to prevent happening is my credit score being pulled multiple times, and the pulls ac...
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Hey group, I wanted to reach out to you all and get some of your ideas on the best practices for protecting your investment during the rehab process.I am looking at a property in a lets call it a “D” neighborhood. The...
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I'm considering a buy and hold or potential wholesale deal in Memphis, TN and would greatly appreciate a second opinion.ARV: $55,000 Purchase price: $43,500 Rent: $775 / OccupiedMgmt: $77.5 Repairs ...
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I'm replacing the aging boiler and hot water heater systems in a MA multi-family rental property in the next few months, going through the MassSave discount program. Does anyone have any feedback regarding combination...
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I just bought my 1st rental property last year and need some help with what costs to file for tax return.Turbo Tax asking to escrow fees for following categories:Abstract and recording feesLegal fees, title search, do...
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View report*This link comes directly from our calculators, based on information input by the member who posted.This will be a house hack at first till I can save enough up to move out. These numbers a...