I am buying a house. My plan is to hold it about 2 years and during that time it will start as a rental (appr 6 months), then I will completely rehab it (appr 9-12 months), and then will either sell it or rent it aga...
In my experience I have noticed there are a lot of upsides to buying land and building new (construction loan) VS. the traditional find a home and buy it with regards to the STR strategy. I would love to hear others t...
I have some money coming and am excited to get started in real estate. I ideally would like to get started in real estate by flipping to earn more capital and then possible buying and holding. I am looking to start in...
I talked with a small banker today and found out I was able to get a loan for more than I thought. She said all I have to do now is find the home that I want and let her know that I wanted to buy it.Does the first hom...
I know alot of people use financing as their exit clause. However, I have been using this clause:
"Due Diligence: Buyer has right to conduct any and all due diligence and inspections necessary prior to closing." or ...
My wife and I are partners in our Real Estate LLC. We live in the Pacific NW and want to go to a couple of seminars in LA next month. If our kids go with us and we drive to LA on a Sunday, all of our direct car rela...
I've been thinking what people would do (or rather, what's the best thing to do) when they receive a lump sum of money for whatever reason.
Would you...
1. Pay off your primary residence (90-100%), and invest the re...
So, I live in a duplex and rent the other side out. My mortgage is $1167 and the tenant rents the other side for for $1150 and pays all utilities. How much should I set aside for taxes of that $1150? It should be note...
We are closing on our replacement properties of a 1031 Exchange. In the relinquished property our vesting was as joint tenants (we were young and newly wed and did not understand the differences). Many decades later...