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Hi Folks - seeking wisdom from this awesome forum!Here is my scenario.I currently own a 2/2 condo in Bay Area, CA and I'm moving to a larger home (With larger mortgage etc.)Renting my condo will give me a negative cas...
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Currently purchasing a 4 unit property in San Bernandino County, SoCal and looking to convert a 144 Sq ft laundry room into a studio to make my property a 5 unit. The laundry room already has gas, water, and a wall he...
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Hello All,
I have limited to no experience in buying a land or building a house. I would like to get your expert advice on what to check before buying a land. My thought process; planning to buy a land( minimum of 40...
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What are the rules of converting a 1031 property to own use or to the primary residency? I'm in GA today and wonder what if I buy a property in FL under 1031 exchange and show some (marginal) income for it but in 4-5 ...
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Anyone know how or if you can convert an apartment building into individual condo units? Or what the process is?
Hello,I am considering doing a 1031 exchange on an investment property that I have and would like to know if there is a possibility to convert it into a primary at a later time? What would be the tax consequences. App...
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I want to convert my entry door to a smart lock, but I haven't found any that are compatible with a jimmy proof deadlock. I've attached an image of my deadlock, and I was hoping someone could point me in the right dir...
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First time home buyer about to close on a property in San Diego that has a unit in the back ideal for AirBnb. This potential income is a huge factor in our calculations for this property. The garage was converted by a...
Hi All,
I am just starting out and this one question keeps stumping me. Here it is - The house is in my name. The house will be rented in 6 months. I will be doing approximately 7k worth of updates to the house. ...
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I have a pole barn approx 1300sq feet it already has a stand up shower and a bar . it would be easy to add a spilt unit ac\ heater and a bedroom, stove, and refer already has a farm sink? would this add much equity. I...