Ben Volkman
DFW Dallas FHA Lending - True or False?
Dallas/DFW - I was speaking with my broker and she only had 1 lender who would do an FHA on a triplex (trying to do owner - occupied house hack). The lender said that in order to qualify for FHA the 2 non-owner occup...
Miguel Vasquez
Section 8 related
Good afternoon I have a question in regards to my section 8 tenant. I was thinking of starting a rent increase for my 1 bedroom tenant voucher due it being low and well under fair market value(Based on hud and zip co...
Paul Doherty
1031 Exchange - questions
I'm considering selling a property I own outright (worth 150k) and then, after realtor's fees, using a 1031 exchange to use the return from that sale to fund three or four new houses (30-35k down each). I understa...
Rob Myers
Cost basis for second home turned rental
I purchased a property in 2008 for the purpose of having a 2nd home / vacation home specifically for our family's use (not rented). As we found it more difficult to get to the house on a regular basis, we made the de...
David Morrow
The 50% rule - explained (AGAIN!)
Twice today I've seen posts that demonstrate a gross misunderstanding of the 50% rule, so I thought it would behoove me to start yet another thread explaining this concept to my fellow knowledge-seekers.
The misconce...
Renee R.
Asking price vs city assessed value
Should the asking price and the value that a city has assessed the property at for property taxes be somewhat in sync? Is something off if there's a difference of say $20K?
NIcholas Hamel
Where can I find out what section 8 offers?!
Hey everyone, i was wondering if anyone has a link where I can find what section 8 offers in my neighborhood. Ive been trying to find it but no luck. Thanks everyone!
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Property Evaluation
Fair Market Value - A key to investing in real estate and structuring a good purchase is your ability to know the fair market value (FMV). You must understand the asking price and the list price are not the fair marke...
Matt Wells
Can you bank increase Section 8 rents from multiple years?
I understand that Section 8 tenants can have the rent raised a certain % each year. I am wondering if I don't raise the rent for a few years, can I bank the increases into one year? For example, Let's say I am allowed...
James Thompson
Transfer of property
My in laws want to transfer their property from their name to ours. What’s the best way to do this to avoid any bad tax repercussions. It’s raw land and no house.