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Hi All!,My business partner (friend) and I have closed on three properties this year. We are simply 50/50 owners of each property and do not have an LLC. My question is when we claim expenses for the properties will ...
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I am very familiar with this rule of thumb, however it seems so misguided and arbitrary and takes into account almost nothing other than a base rental assumption.Say you've got a 10 unit building and most tenants are ...
Please be patient with me as I am new to posting. If I have forgotten needed info for your input let me know. After all the reading/practice I can muster, I have begun my first search for a multifamily in Cincinnati ...
Greetings, Have a potential to purchase a 6 unit (2 house, same lot, 4 unit and 2 unit) The details are as follows.Year built: 1900 +/-2 houses: 1- 4unit and 1- 2unit on same lotList Price 224,995 (assuming a 190,000 ...
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I am looking at a 15 unit multi family. All units are 1/1 around 500 sqft. Income is 81,000 per year with expenses of 20,000 per year. Looking for insights on what to offer for a purchase price since this is an off ma...
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We're going to sell some building lots that we have divided off of our farm, and do a 1031 exchange with the proceeds. We'd like to pull at least some of the development expenses out of the sales money before we rein...
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*With apologies for how basic this probably seems* I wanted to ask for general advice on where rental income should "live" in the short and long term, and make sure I'm handling things correctly. My wife and I just mo...
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This might be the wrong group to ask, but I wanted to ask what many of you self employed real estate pros are doing for health insurance? Anyone know about any way to get into a "group" of some kind to save money on ...
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Question: When House Hacking, does one do the work themselves or hire out?
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Hey everyone, hope I covered the majority of my situation up front...Have an opportunity to purchase a mobile home park in WV that isnt too rural. It has city water and sewer and tenants pay for own electric and cut o...