Mary Jay
How long should I lease for it to qualify for the 1031 exchange
Hi guys,
In order to qualify for a 1031 exchange,
1) how long is the property needs to be rented?
2) does the rental income need to be reported on taxes for a certain period of time ? (O sense it probably will b...
Darren Campbell
50% rule or 2% rule?
I recently read Brandon Turners book on Rental Property Investing. I talked about the 2% (rents should be 2% of sale price) rule and 50% (rents should be multiplied by 0.5 - principal and interest if mortgage) rule. W...
Dave Keissar
Turning Garage into Airbnb
Hey everybody!I want to rent out my garage, to start gaining some rental income. It has a separate bathroom, shower, the plumbing and electric are up and running, It has a separate entrance too.I don't have permits to...
Account Closed
General Cleanliness in Lease
Hi everyone,I currently am house hacking, however, I am moving out of town for the summer and am thinking about buying another property on my way back in. Since I am house hacking, it is very easy for me to "microma...
Omar Ynoa
Starting Investment Portfolio in Newark NJ
Hey all!I just wanted to get your opinion on a home I am trying to purchase. I'm looking to purchase a 3-family home in Newark NJ (Upper Roseville) so that I can begin my real estate journey by renting out the other 2...
Branden Miletta
Multifamily, Brrrr, or Fix and flip
I bought my first home as a primary residence as an easy fixer-upper. I have been house-hacking it the entire time I've owned the property as well. The Property value and loan paydown have resulted in 27k of equity bu...
Account Closed
Trying to startout in Real Estate. CO-OP buyers perspective needed.
Hello All,I am looking to buy an apartment in New York preferably Queens borough. I got pre-approved as well. My budget doesn't allow me to buy a house or a condominium so I might have to go with co-op. I wanted to kn...
Karen Salem
How do I buy building materials with a self-directed IRA?
While trying to set up a self directed IRA for real estate investing the rep explained to me that I can’t go to Home Depot to buy building materials. He said I “ You have to stay out of Home Depot” OK, not off to good...
Will Smith
Wholesaling 70% Rule
This 70% rule? I do have a question about this. This 30% off the top of deal that you just found goes right into the cash buyers hands? With no question. OR is this a 30% window that you can work with to gain a litt...
Michael Hilligan
Neighbors supposedly evicted
I live in an 8-plex and have problems with the neighbors who live kitty-corner from us. Everything from loud music, slamming doors, screaming, and a constant stream of riff-raff. Back on Jan. 10 the landlords were h...