Patrick Sears
Building a dedicated college rooming house
Hello,
Fellow SFH landlord here. Had an idea that I wanted to run by y'all. What would you think of building new (using a "build on your lot" stick builder) a single-family home that had say 6 large bedrooms, each ...
Patrick Sears
Building a dedicated college rooming house
Hello,
Fellow SFH landlord here. Had an idea that I wanted to run by y'all. What would you think of building new (using a "build on your lot" stick builder) a single-family home that had say 6 large bedrooms, each wi...
Michael Llewellyn
House hacking a single family home in Norfolk
Hello everyone and Happy New Year's! I recently purchased my first property in Norfolk, a 4/2.5 near the Naval Station and wanted to rent out the extra rooms to help cover the mortgage. I was looking on the city of N...
M T Naughton
Protecting Equity Other than Refinancing
Hello,
I started operating STRs this year and am nervous that someone will sue me and take my equity. All of my properties have gone up significantly. I would refinance but rates are horrible. The properties are alr...
Terry Madden
Investor from NJ
Hi All,I'm interested in holding and flipping. Right now I currently have 1 rental property and one that I live in that will eventually become a rental. Always looking for the next deal. Looking to network with like m...
Ben Feder
Can you rent out individual rooms in a SFR?
Are you able to, legally and ethically, rent out individual rooms in a Single Family Residential house to people? I don't see why not but have heard somewhere that you can't. I don't mean friends or family who all mov...
Sean Sweeney
State income tax for properties located in another state
Hi guys,We recently purchased a portfolio of triple net lease properties throughout Nevada. I live in California. The property is held in an LLC. Nevada does not have income tax but California's state income tax is cl...
Account Closed
Extreme House Hacking with 10+ Roommates?
Hello everyone. I'm not old enough to invest in real estate yet, but I plan on house hacking for my first purchase. I have been looking into the idea of "coliving" which basically means dorms for adults. In places li...
Michael N.
Post house hack; renting rooms
I’ve been house hacking a 3bd/1b unit in a duplex for a little over 2 years now ( 250k tax free). And I’m focusing on doing the same on another property soon. I’ve been able to get 2400 renting out each unit room by r...
Jamie Stone
Hard Money Question
Suppose I had to use a hard money lender for the rehab portion of the house I am looking at (I have the money for the purchase - depending on the price they accept). Do I need to form an LLC to receive a hard money lo...