I am meeting with a seller this weekend to discuss the purchase of a triplex. Since this is my first multi-family property, I really don't know what questions I should be asking or what information to look for aside ...
Hello,I was hoping for some advice on refinancing a property. I purchased a duplex for $61,000 in Cleveland, Ohio. I inherited a tenant who was paying $450 per month. I took out a Cuyahoga county home improvement l...
Team, looking at doing another 1031 on 2 properties just purchased, renovated and leased-out. The IRS says I need to have 'intent to hold' property. What exactly does that mean? Is it more intent focused to lease and...
If I use a self-directed IRA to purchase a property for a BRRRR, can I refi the property using a conventional loan and pay the IRA back?Example:I Buy full-cash for property X using 60K from my self-directed IRA.I Reha...
I've read several articles and have watched several videos about house hacking, and they all talk about using an FHA 3.5% down payment or a conventional loan 5% down payment when possible. If someone has the 20% down ...
Hello,
I was wondering if anyone works with an accountant in the Atlanta area that is familiar with filing 990T. I own 2 properties in my SDIRA and have UBTI for 2013. I have been working with an accountan...
Hello fellow Real Estate professionals! My name is Miranda! I live in Vancouver, BC - Kitsilano to be exact! I am at the beginning stages of learning and creating success for myself and others through Real Estate Inve...
Guys, I stumbled onto the site via a link on a vacation rental site and I'm fortunate to have followed that link here. After listening to a few of the podcasts, I thought it was time to finally take the plung and sign...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $82,500
College Rental-4-6 beds depending on the group. I am getting $500 per room this year. Net cash flow will be ~$9...
Let me give you a little insight into my situation.My house currently has a CHFA loan attached to it. I know I can't rent out my house unless I refinance out of this loan. So, I was thinking about refinancing to a 30 ...