Toni Baca
Househacking - Tax Deductions and Section 121
Hello, I am under contract for my first house hack! My ideal plan for the first home is to live in it for 2 years (with 3 roommates), rent for 3 and sell before the end of 5th year. Under IRS Section 121 - if you live...
Janine Smith
Keep, Sell, Options
I bought a house almost 30 years ago. Lived in it for 15 years. Started renting it out about 14 years ago. Monthly mortgage pymt is $500. It has a mortgage balance of $1600, and will be paid off in February 2015. ...
John Jacobs
Are these good commercial loan terms?
Hi all,I am trying to buy my first property. It is an out of state investment property owned by a bank. It is a multifamily dwelling that had poor management and needs to be turned around.Here are the terms being offe...
Julie Verardi
3X the rent versus 40 times the rent?
I had always done the 3X the rent rule for what I can afford for a mortgage and for my tenants. For example $2000 x 3 = $6000 (monthly income required to keep housing payments less than 1/3 of income) $6000 x 12 mon...
Travis Watts
What kind of cash-on-cash returns are you finding in syndication?
Just curious, I am investing in a few multifamily syndication deals that pay 12% annually. Is anyone finding better results?
Rob Simpson
Approaching an investor -- advice from a pro welcome!
Folks are encouraging me to seek private investors to help me with a deal. This would be the first time I have approached anyone that isn't a big bank, so I'm unsure if what I am offering is enough to whet the appeti...
Augustine Chang
Future Tax Estimates Under 421-a Abatement and Room for Negotiation on Property Issue
I have a property that I am looking to buy, which is currently benefiting from a 421-a tax abatement. The selling agent informed us that the taxes are $97 per month for this year. For the 2024-2025 period, the taxes a...
James Partsch Jr
Need Help and Advice - DEC Contamination Record and Owner Financing Opportunity
There is a 10+ unit building that was under contract and the deal fell through due to DEC records of soil contamination from a previous nearby gas station leak. The owner of the property has had it for over 30 years ...
Alex Yakubovich
LLC State of Incorporation
Hello. I need to open an LLC (Corp2Corp contact is coming), but I'm not sure in what state to do it. Currently I am located in TX but in 6 months I will relocate to WA.
What option is better:
1) Open LLC in WA ($200...
Steve H.
This looks good to me, am I missing something?
Considering this Buy and Hold Joint Venture partnership and was looking for some expert opinions on what is being offered. As far as I can tell from my analysis on the investment it looks good....what if anything am ...