Jim Butterfield
Creatvie financing on 3 duplex units
Hello all,while buying property for a 1031 exchange, I found 3 duplexes owned by single owner. I have enough money from 1 of 3 duplexes, in the 1031 exch account. I am really wanting to get all 3, for a better price. ...
John Gorbandt
Owner Occupied Duplex Mortgage
Hello Everyone,
My wife and I are new to real estate and are looking to house hack our first property. We have identified a potential deal in the Indianapolis area where we currently reside. I reached out to a mortga...
Eric Piccione
House Hacking Forever
I love being able to live for free and house hacking provides that opportunity. But what about 5+ years from now. What do you do? Would it be better to rent house or apartment? Taking your own expenses out of the ques...
Roman Stefaniw
Managing bills, income & accounts
Hello all! Im new to the real estate game and am excited to get started. I am in the midst of negotiations for my first duplex. I do not have an incorporation yet and do not know if its necessary to get one for my fir...
Damian Komosa
Rental License Failure - Creativity Needed
I have recently purchased my first multifamily property (house-hack), which is a Converted Quadplex on the Iowa side of the Quad Cities. To my surprise, it has failed a full rental license inspection due to one detail...
Jacki F.
Renting out one of my own Commercial Office Space Units??
Commercial Real Estate Newbie question here!
I purchased a 7500sqft, 5-unit office building under an LLC that I use for my RE Investments. I purchased for 410K and the building appraises as-is at $520K. Current re...
Billy Borus
Tax Impications for Accepting Rent with Cash or Check
Hi everyone, new investor here, with my first property (house hack). I admit I have not studied as much about taxes as I studied other aspects of REI, so I'm trying to learn as much as I can, before tax season. I bou...
Steven May
Putting Properties form personal name to LLC
As I move into 2021, I plan to put my properties in LLCs - they are currently in my personal name. Yes, I know to get in touch with a local attorney based in real estate law - I plan to do so to help set up the LLCs b...
Bryant Patterson
House Hacking with a Family
Hey all!I'm just learning/starting my journey into this world and very quickly I came across the "house hack" concept. However, it seems like the success stories I've seen so far (and maybe I'm not digging deep enough...
Kevin Galus
Security Deposits
How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...