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I am wanting to buy my first property for my primary residence but only will be living in it for a few years before moving cities. I am wondering if I am better off just renting until I get to a more permanent locatio...
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I'd like to hear any strategies/philosophies regarding pulling equity out of your property to finance renovations or another acquisition. Obviously, the answer to the question "When do I pull out equity?" is completel...
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What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files...
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Hello,My husband and I bought a vacation home (2nd home) about a year ago and have been renting it out on Airbnb since January 2017. We bring in an approximate gross profit of $3k per month and a net profit of around ...
REO property listed at 90k. It is a twin.Last sold '08 for 96k Zestimate 140k (Id put it more in the 100-115k range ARV)From a drive by as well as the listing pictures this is an estimate of work needed:Roof (its a tw...
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Hi everyone! Question for my NYC investors out there -Is buying a multifamily building that is currently rent stabilized (not rent controlled) worth it as a long term buy&hold?I'm working a lead right now that wou...
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Hello BP!
As many of us have heard, the conventional downpayment requirement for primary occupants is going down to 5% November 18th. However, in all this news and excitement, many missed that the FHA (as of 4 days ...
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I have been doing STR for several years locally and out of state. My out of state STR does not cash flow after all utilities, hosting fees, PITI, and supplies. It basically breaks even. I do most of the communicati...
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My tenant would like me to put in new windows. The windows are currently louvered windows (6 inch wide), basically the leakiest possible windows, which was great before air conditioning, but not great now.
Anyhow, te...
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Before I start, I want to give context in how this method has allowed me to save/invest 51% of my yearly paycheck for the last year. Before you say, “I can’t do that, I have bills, student loans, high rent, etc.”I am ...