SF 365 HF 685 will make it illegal for most investors to buy an owner-occupied single family house, duplex, or triplex and rent them out. Contact your representatives!
My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase a...
I'm a member of a partnership that purchased several four-plexes last year. I have reviewed my CPAs draft tax return and they have allocated 25% of our purchase price to land value and 75% to the buildings. Therefor...
I have located a possible deal that could be the "diamond in the ruff" scenario but it is partially based on speculation. How dangerous is it to proceed and what are the chances of finding a money partner that is wil...
So here is the back story. I bought a tri-plex in 2005 located in Mankato, Mn while I went to college. The property had a grandfathered rental license on it. This worked great for a couple of years, my roommates' r...
Any DC developers here who have flipped DC rowhouses in NE DC or Petworth DC, who'd be willing to share how much they've spent on a decent flip. Most of the rowhouses in Petworth are in the high $500k range with the A...
New investor here. I’m stuck when I try to run numbers on a potential deal, how do you generally estimate rehab costs? I don’t know where to start on such topic.
We are doing a tear down of our long time weekend place and working with a builder on a decent sized home.. His numbers keep going up for the construction and I think his allowances are very low. This is a mid t...
Working on a house flip, but have a bit of a concern. A wholesaler sold me the house-half of a double lot. Typical strategy, they hold and sell the empty lot separately, I didn't have a problem with it, as I got a g...