Paul Hormann
Does buying two condos (out of two) make them non warrantable?
Hi All,Developers in the Washington, DC area are taking row homes, adding a level, and converting the building to two condos, with a legit condo association and HOA fees. I'm interested in buying both condo units so ...
Rachael Shad
Payoff Heloc or keep $ in savings?
What would you recommend? I have a 75K heloc on my primary residency, I recently used 25k of that to convert a detached garage on my property into a 1 bedroom apartment. The monthly payment due on the heloc is 1.5% of...
Brent Rogers
Gutting a house
I've done a couple of light rehabs but nothing substantial. I have found a FSBO opportunity and would love any feedback I can get before pursuing further. It's a 3/1, 1500 SF single family in a large university town....
Jake Hedrick
Renting a Single Family home as a Duplex
I’m looking at a 3/2 single family home that has an office in the basement. Floor plan is as follows: Upstairs has 3 bedrooms and full bathroom. Downstairs has office, full bathroom, and kitchenette. Downstairs als...
Eric Sullivan
Completed/Sold 8 Condos in Salem Massachusetts
Investment Info:
Large multi-family (5+ units) fix & flip investment in Salem.
Purchase price: $950,000
Cash invested: $285,000
Sale price: $2,000,000
Purchased as an 8 unit apartment buildin...
Kyle Baker
My first home purchase
Investment Info:
Townhouse buy & hold investment.
Purchase price: $159,900
Sale price: $245,000
Primary residence for a year then converted to a rental property. Held until early 2022 when I deci...
Harry Gamble
Short term gain on flip
I bought a house for 170,000 with the intention of renting it. I now have someone interested in buying it if I owner finance. I can sell now for 200,000 to the buyer, who will put down 15 % as a down payment, and amor...
Philip Johnson
Making primary residence rental - mortgage qualification question
We are considering turning our primary residence into a rental, and purchasing a different primary residence. I understand that if we have a lease agreement in hand for the primary residence, we are able to use that r...
Danae Meurer
Disabled Access Credit
Does anyone know if the Disabled Access Credit can be used to make a rental accessible? Specifically, if we are adding a ramp, a stairlift, or widening doorways for a wheelchair bound tenant?
Shelby Hensley
Which entity works best for REI..Corp., S-Corp., LLC?
I'm in the process of filing for my business entity. I have a partner and we run a Wholesaling business here in Houston, TX. He is a real estate agent, also.
We are debating between Corporation, S-Corporation, and LL...