We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow aft...
Please guide me through the process of closing on an off-market deal. The owner is interested in selling. Now what? How do I make an offer? What documents do I need? Anything I should know? Does and Don'ts?Thank you
The time is finally here. I am ready to sell my primary residence, a duplex and purchase 5 or more units. I am considering doing a 1031 Exchange but I was wondering if all of my equity has to be used towards the new p...
Is there anything I can get a tax write off on if I am house hacking such as repairs or maintenance? Can I depreciate the property considering it is in my name and not under a LLC?
Hi,I rent my 4 bedroom house to 4 guys, joint and several, two of them left earlier, I have the remaining tenant screen the candidate first, then I qualify the prospective tenant with my rental criteria including 3 x ...
Hey everyone,I’m purchasing a duplex in Portland, OR with an FHA. Property here is quite expensive, but even with PMI and a high mortgage the payment after rent comes in will be less than renting in most cases. Anyway...
Hi guys,So I am buying part of the property (the other part my boyfriend will own).If later on I will decide to sell my portion to him, lets say for a bigger amount of money than I purchased it for, will he have to pa...
We bought a rambler where we got a permit to build a 2nd kitchen on the first floor/basement.
We are plant to rent it to a family member for a below market rate but even if we rented it for a market rate the rent ...
We are looking at potentially purchasing a HOA Lien and had a question about the redemption period. If a lien holder steps up to redeem after our purchase, how much would we be entitled to using the example below? Als...
Hello!I am relocating to another state for a new job and am trying to decide if I want to sell my home and re-invest in something up here. Some final facts I need to make a decision are the tax implications, any help...