Any thoughts on best practices for converting equity in property into cashflow. I don’t mean refi, heloc, sell or 1031. I understand how and when to access the cash from a property. Just wondered if anyone had clever ...
Hello, my goal is to convert my primary SFH to a rental. From what I read, depreciation is calculated on the purchase price of the investment property. In my situation, I purchased my primary over 22 years ago and I...
Hey fam!
So we are discussing converting our primary to a rental. I just found out in the state of SC if you rent your home for a period of longer than 72 days, you are subject to the higher property tax rate for the...
Just rented out my primary residence and researching insurance coverage. Here is what I have learnt. Please do comment if wrong:
If you are not residing in a unit then a homeowner’s insurance will not cover anything....
Investment Info:
Single-family residence buy & hold investment in Okemos.
Purchase price: $350,000
Cash invested: $10,000
Sale price: $435,000
Primary residence converted to a rental after 2 ...
I've been eyeing a particular 3 unit multifamily in Union City for a while, to by as an investment. The idea was to upgrade the units significantly and raise the rents, then possibly sell once stable. Alas - the new o...
Hi Guys,
My duplex in Oakland is zoned RM-2. I would love to convert my duplex to a triplex if possible. I'm currently renovating my rear unit and it has the perfect layout to split into 2 units by adding a wall and ...
Greeting folks, I have a question for all of you great people on this forum. Maybe I am looking into this too much and over analyzing things and possibly confusing myself. Anyways, my question is: I have a primary sin...
Hi,Is it possible to buy a ~1200 to ~1300 small Single Family house in NYC and convert to Legal 2 Family? Zoning permits it and I have significantly unused FAR ( I can have 1900 SQ).I have two options, get permit and ...