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I need advice on how to proceed financially. Until two years ago I paid all my bills on time and had a credit score of around 730. Then I had several financial setbacks and couldn’t afford my bills anymore. I stopped ...
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Iv listened to the podcast and read some forums so i guess im missing something somewhere. How does the house Hacking work? I have a specific place in mind. I know we calculate for PITI, Repairs, Vacancy. even Propert...
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If there's an MFR (2-4 units) in LA in which the total rental income covers PITI (principal, interests, taxes and insurance), wouldn't this still be considered a good deal?
Here are my thoughts:
1) I wo...
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I'm curious if anyone has tried to deduct the cost for an account on Audible.com or a similar audiobook database subscription on their taxes? Can you justify that there is enough real estate related content to write ...
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Hello, I am planning on purchasing a 4 plex and wondering if anyone could help me work the numbers. Purchasing on a Contract for deed. Purchase price $120k, 5.5% interest over 30 years. $7500 down. No Balloon. New ...
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So I'm not understanding how I can do an fha loan on a duplex and live in one unit. If I did that wouldn't I need to have my renter for the other unit pay 2x the rent and 2x their utilities? If I'm buying that duplex ...
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Hello, I'm new to real estate and like many others, I want to get my feet wet with a house hack property. My plan is to do this with a single family home with a detached garage or a smaller unit detached for me to liv...
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I am new investor. I just bough my Triplex in April of 2019. I had no idea about tracking expenses or book keeping, so I simply did not. Come tax time. I go to my recommended CPA and he sends me home because he said i...
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After you pay the 50% operating expenses and principal/interest on your mortgage debts do many of you still manage to have positive cash flow or are you all hoping the property will just appreciate?
Here is a test f...
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Hello everyone, I'm a newbie trying to purchase my first BRRRR or rental property and house hack with my family and I. However, the homes here in north NJ are over priced. I know its a sellers market out there, but...