I’m planning on house hacking a duplex for 185k. However, I have a dilemma with choosing the best loan option. I plan to move out after one year and put someone in my unit and repeat the process again. My goal is to o...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
Cash invested: $40,000
Contributors:
Justin Sullivan
This property is 4 units. We in...
I have been looking for pre-foreclosures on county clerks website. In many cases assessed value is less than final judgement amount. What can I possibly do to approach the owner and actually help? Is there way to neg...
Hello,My brother and I bought a duplex in November 2021 and we are equal partners. We applied for LLC on 2/3/23. When I had an appointment with tax accountant, he wants me to apply for EIN dating 1/1/22 so we can file...
I own three properties outright totalling approx 700k. Two are duplexes earing approx 3500 per month which is my sole income. I live in the third. Should I take out a home equity line of credit to purchase another inc...
So, here's the situation: The seller's agent seems hesitant to fill out the contract I've provided (and hasn't even reviewed it yet). Instead, they've suggested creating a different contract for me to sign. I'm wonder...
Hoping someone can help us with a potential opportunity that came our way. We have been under contract for a property and going back and forth with the seller on some terms and financing. Just yesterday he proposed po...
Hi all! I'm brand spanking new and I'm building out my professional team. I am looking for a CPA/tax strategist that is local to Columbia, SC or within close proximity to Columbia. I met with one CPA already, but I wa...
I have a question about the option versus lease purchase.
I understand it would release option that I will set up a time frame and at the end of the timeframe I have the option of exercising the purchase of t...
I have a tenant that has asked me for a lease with option to buy and wants to take over some maintenance items (although these are few and far between on this property). I’m not sure how to approach this...I’ve done a...