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Below is an idea I’ve been kicking around. I’d appreciate any feedback...In general my retirement plan is to sequentially buy homes on a 24 month cycle for myself, my son and his wife and and my daughter. The goal is...
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NFIP 2.0 - What’s Changing with National Flood Insurance and Why You Should Care.
It’s been a long time coming, but reform to the National Flood Insurance Program (NFIP) is on the way.
Risk Rating 2.0 (that’s how w...
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Novice poster here.
I have co-applicants to a unit. One makes good income, but not enough to satisfy the monthly income 3x rent rule. The coapplicant submitted unemployment benefits as income, which combined with the...
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House hacking Condo: Can you sleep in the living room & rent out the other bedrooms? I am planning to house hack a 2 bedroom 2 bath (1000 sqft) condo in Houston, TX. I am wondering if I am able to sleep in the liv...
Can someone tell me how bifurcation and 1031 exchange works?
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Hey All!
So I found a cash flowing duplex that I'm interested in purchasing as a BRRRR investment. Its a short sale and there's a minimum price they will let it go for, which is about $110k. The house needs between $...
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This new QBI tax break is great but very confusing. Here's the deal. My main day job is as a 1099 IC doctor. I am actively involved in real estate investment and self manage my 11 units, interacting with tenants often...
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So we are slowly stepping away from renovating the properties ourselves. I must say that I am enjoying managing the reno much more than I did swinging the hammer. I know that this is largely based on Area. I Wanted to...
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I lived in my primary residence for 1yr and 9months since I owned it (I was a tenant in the same house for 2yrs prior to owning it) then I turned it into a rental. If I sell it within 5yrs from owning it, would I be a...
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Hi guys,
I'm fairly new to 1031 exchanges and had a question about 1031 exchanging from rental to primary residences. Here's the scenario:
I've owned a home in California for the past 3 years. I plan to...