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My wife and I have 11K saved up. We want to start investing in real estate. We have some consumer debt we need to pay off, our credit score is excellent, and we have educated ourselves a bit. What advice do you exp...
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The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...
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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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I just bought a duplex, I'm living in one side and renting out the other, my question is should I put the tenant rental check in a bank account and use my job money to pay the mortgage or directly send the check to my...
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Quick question . . . . looked at a property listed around $75,000. The agent we contacted that we have used on other properties (which were over $100,000) is saying that we as buyers would need to pay the difference ...
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We got our first house for $12k - we are going to put $13 into it - so $25k invested (loan was for $20k - the rest we are paying cash). Interest at 7.25% 15 year.
If we were to list the house after our 4 week rehab...
Hello! This is my first post here on the forums. I live in Fairfield County Connecticut and i’m looking to house hack my first property! I am currently in the learning and saving part of my house hacking journey. I h...
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Hi all,I've been lurking on these forums for quite some time - today is my first post. I could use all of your help. I recently came across a four family property and seller wants $725k. I want to house-hack one of th...
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Here's the deal:
Actual Proforma
12 unit asking price 480k
Other income 1800
Rent Roll 65820
Adjusted gross 62529
Current Taxes - 12076
Insurance - 3149
Water - 1455
M...
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Hello Everyone,
A couple questions/clarifications. So from what I have gathered most people use a variety of means to fund down payments on new investment properties. I personally am planning on using the e...