Hello, looking to get into my first house hack in Chicagoland area. I came across a 2-flat with a basement that has been converted into garden unit with 3 bedrooms and kitchen and bath. My realtor found the city build...
Hello everyone,
I am a rookie to REI so bear with me.I have been working as a general remodeler for the past 5 years now. Over the past 2 years I've been working directly with RE Investors doing house flips. In Octob...
Hi everyone,I'm trying to narrow down how I'm going to invest further in real estate. The question I keep seeing and hearing is, "What are you genuinely interested in?" For me, I'm interested in converting and renting...
I'm exploring the idea of buying a single-family home in South Austin and turning the garage into a self-contained living space that I would live in and rent out the main house. The idea would be to use that space as ...
My wife and I are looking to buy a home as our permanent residence with the hopes of converting it into a rental in 1-2 years. We would live 3 blocks from the university so college students would definitely be our mar...
If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence? Is there time limits to convert, I understand that there may be...
Does anyone have experience with mixed use buildings? I am looking at a purchase that is mixed use (basically large older victorian type home with office space on main two floors and apartments on lower level) There...
I was door knocking and found a 2100 sq ft 4 bedroom home that will sell for around $550k but is not listed. The house can be rented for $3000/mo, and the back garage can be converted into air b&b for $2000/mo add...
I recently closed on a 5 unit apartment building in Urbandale, IA. It has 1-3 bedroom apparent and 4-1 bedroom apartments, with a gutted space that is large enough to add a 5th 1 bedroom for a total of 6 units. I'm ...
Hi! We bought our primary residence in Orlando FL in 2006 for $260,000. This year we are buying a new home and looking at potential to convert our current home to rental property. Would we be eligible to get tax break...