Hello. I have a question that I hope makes sense. If I’m purchasing a fourplex as an investment property and I’m getting 3 units vacant, I’m under the understanding that the one occupied unit alone will not cover or c...
This is a bookkeeping question. I am living in one of my units during its rehab. Do I want to pay rent? Which would mean that the company receiving the rent would need to pay income tax on the rental income. Is it a...
Hello Biggerpockets Members,My wife and I just moved to a new area and we would like to house hack with a duplex or 4plex. However, we moved to a small town and there really isn't very many duplexes or 4plexes in the...
I am looking to purchase another duplex that will be owner occupied. The current duplex I own and live in is having the downstairs renovated. Typically lenders like to see an active lease in place before counting the ...
Hey guys - I'm hoping someone can shed some light on this situation we are in. I will do my best to summarize this as much as possible in an understandable format. :)BackgroundWe own a unit in a 16 unit cooperative (...
Looking for advice as I'm getting closer to putting in offer for on an apartment building in Texas. For those of you who have done deals with partners, how would you structure a deal as follows?I found a 54-unit apart...
I am buying a 10 unit apartment building for $550k. Each unit rents for $650/month and taxes are $15k/year. I am getting a Mortgage Rate of 4.25% and it’s 5 year fixed, 10 year balloon, 25 year amortization - 30% cash...
Hi. I am interested in purchasing an apartment in NYC (Brooklyn) and rent it out. I came across many apartments, but all of them are mostly co-ops. Are co-ops worth investing? did anyone in this community invested in ...
Hello peeps!I am new to RE investing and still in a learning curve, but I have this one thing that has been bothering me.As my wife and I are also looking to buy our first home, I've been looking at different mortgage...
Hello,I am looking to build a 4 Plex in PA.I am in the preliminary phase of planning and my questions relate to entity structure, taxes, and finances Background:Land Cost $10K Build Cost $200KAppraised Value at comple...