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Wanting some advice from those here that are far more experienced than I am in this area. Here are the basic numbers. I could get the property for 105k. No repairs needed. Currently occupied with tenant paying 1050 a ...
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We just sold a house and purchased a replacement house with the 1031 exchange from the sale and about $9,000 cash out of our own pocket. We would like to either flip the house and then owner finance it (have buyer pu...
I looked over all the IRS rules regarding rental income in an owner-occupied house. After looking at everything, this is the plan I've come up with. Any pointers/tips/suggestions would be helpful.3bdrm/2ba house wit...
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I am close to advertising my rental unit through Zillow. I plan to have tenants pay for the app fee and screen through Zillow as well. Should I note that the owners will be living next door? I’m trying to think if I w...
Does anyone have ideas for a great letter to send to a homeowner to buy their vacant property that clearly is getting run down? How much should I include in this letter? (like:retired husband and wife with contract...
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Hello All,I am in the position financially to purchase a lower priced home, or a decent condo in the area. I am roughly priced in at $330,000 for a SFR or Condo, and $390,000 for a Duplex based on one of my preapprova...
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I'm selling my primary residence that has been newly remodeled in Amarillo. Early indications are that there will be a lot of inquiries about owner financing and lease to own. I'm not in a position where it would make...
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I'm currently living in a duplex, and getting ready to rent out my second unit soon. I will continue to live there with the tenant in the second unit, so this is a house hack. This is my first and only property, and...
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So, I just read this story about a homeowner who has squatters in her house but because of the way the laws in Georgia are apparently written, the authorities won't kick the squatters out. Absolutely crazy!https://www...
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Hi, we have acquired three properties in the past 4 months. We just closed on a house in Berkeley and we found out today the area/subdivision has an ordinance stating not over 30% of the homes can be rented. Sense it...