Today, I turned down an offer on my 16 unit multifamily building that would of made me $201,000.
Why? Because I believe the cash flow this building will kickoff will feed me for a lifetime.
And...30% in capital gain...
Hello, I’m looking for some advice on a property I’m in escrow on. The property was listed for $65k, purchasing for $63k. There is a tenant in place and pays $850 a month in rent.
The inspection found a few items th...
So, I'll make this quick.
I just did the numbers for the year.
Rent - +$12,600
Mortgage - - $4,800
Taxes, ac/furnace replacement, other repairs. - $11,349
Total los...
HI everyone, newbie here. was wondering if I could get some opinions. I am looking at a 1901 2 story farmhouse to flip. I haven't actually did a walk thru yet, but did a drive by yesterday and looked at the outside. T...
Pulling my hair out on this...I have no idea which to classify this as. Sure I can be safe and treat it as a capital expense, but I don't know if it makes sense to.We have a small rental property with a huge deck. We ...
Hello All!
First, thank you in advance for taking out the time to read this. My partner and I are currently renovating 2/4 units in our fourplex. My role is to keep track of the P&L, budgeting and documenting. I...
I was looking for some guidance on a stove replacement. This is in our first out of state duplex. We replaced a stove in one unit as it quit working. (Inspection photos from purchase shows the stove was 5 years old.)...
Hi Everyone,I just finished a complete gut renovation for a property I own that is located in an area regulated by the Historic Commission. I added a couple of decks in the back of the building and went through the H...
Hi everyone,I have one rental property and I want to find a way to finance a multi-unit building, and I would like to know if could I somehow make a 1031 exchange and use as a partial or a down payment. Thank you.
Hello, I am new to the rental world and have a question. I own a home, and have set up a lease to purchase contract with a tenant. At the inspection of the property before the contract was signed we pointed out the ...