Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $355,000
Cash invested: $70,000
Purchased with funds from a 1031 Exchange. We bought this building as a 4-ple...
Hello Everyone,I currently own one four unit apartment that I purchased for $193,500 and rents for $2300/month. When I bought the proerty it appraised at $217,500. I paid only $3,500 down for the property using an FHA...
My properties have appreciated significantly over the last year and the city has reassessed these at significantly higher values which means a new larger tax bill. Am I able to increase my depreciation deduction based...
Hello BP,
I understand the 50% rule guideline and it makes more than perfect sense. But does it really scale with more expensive SFRs? For example if I buy a 500k home with a monthly mortgage payment of 3k and I can ...
Hi all,A friend of mine, who is a successful business owner, wants to partner with me to flip houses. Since I have flipping experience and am very active in RE investing, he will be a passive investor. I am not sure h...
Hi Everyone, I have been working in the real estate industry as an accountant for quite some time, and have always wanted to invest as well. I need advice on financing a multi unit duplex in Oakland with existing ten...
I bought our primary residence via FHA loan and in the papers it said we have to live there for a year... It has now been 2yrs and some months... So I was getting ready to buy another house with a conventional loan wi...
Hello All. Looking to purchase my first Multi-Family. Would really appreciate some feedback on the numbers. Two three bedroom/ 1 bath units in Central Wisconsin.
Asking Price = $79,900
Smaller Unit i...
Hello.
My name is Jason and I'm going to be purchasing an investment property within the next couple of months. I wanted to get some advice on what type of property will best fit my needs. I am looking at single fa...
I meet with Sellers everyday as a real estate agent that have both sides of this spectrum. Some are very light rehabs but more expensive. On the other hand homes that need full rehab are cheaper but need much more wor...