hello everyone! im newbie and learning so much. everyone here is great with the sharing of knowledge. i hope to contribute some in the near future.
i am 21 and purchased my first property at 19[strawman]. i orchestra...
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I purchased a property last year with a single mobile home on it along with two empty lots beside it. We rehabbed the mobile home and hired a property management company to rent it out and manage it but it is not rent...
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Gang,
I have a rental property I am planning to sell. I'm expecting to clear between $38k and $45k. I have owned it for over two years. What percentage should I be setting aside for tax purposes?
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Investment Info:
Single-family residence fix & flip investment in Canton.
Purchase price: $170,000
Cash invested: $9,000
Sale price: $235,000
Bank owned. I purchased and went in 50/50 with m...
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When I look at an investment rental property I want to make sure it's in a good area so I use crime heat maps and look at the attractions nearby. What tools do you all use to identify if a property is in a "good area"...
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What are some good sources you use to pull market data? Below are specific information I am interested in. Thanks!- Demographics- Income level - Communities with HOA
My wife and I are looking at options for what to do with some money we have saved up. So me and my wife have ~$60000 in student loans. We take home $40-45000 a year. We have saved up $~24000. Do we use that money to p...
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What is the typical down payment requirement for a duplex that I would be living in? I have called multiple banks and there have been no offers to use an FHA loan on a multi unit property. And the minimum downpayment ...
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I am currently house hacking in a live-in flip duplex. The downstairs unit is completely renovated and generating market level income. The upstairs unit, where I currently live, is being renovated. At the current reno...
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What are best practices you recommend for someone starting with their first rental property? Should the tenant payments and mortgage payments be run through a separate bank account than my primary personal account? Ho...