So I found this strange deal. Haven't walked through yet just received info from realtor. So this multi unit is a 6 unit one 1 bed rents for 500, 1 bed rents for 550, 2 bed rents for 575, 2 bed rents for 610, 3 bed re...
Can a 1031 exchange be invested into a less expensive property? ...or do you always have to buy bigger and better to make that work?
When you are doing your profit and loss do you do all individual properties and the group as a whole? I have all my single families in one llc. I’m hoping that at some time I’m able to leverage this or sell and 1031...
Hi Everyone,
I am a 1099 employee (Just finished my first year as a 1099). My original plan was to house hack a multi-family unit with an FHA here in san diego but cannot get conventional funding or FHA loan withou...
If a neighborhood kid mows your lawn do you 1099 them? What's the impact of not sending the 1099? Do you lost the payments on your expenses?
Hi BP
I am running through some scenarios for a first rental property which will be out of state using a PM.
The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...
Hello BP, I just received an email from the state of Alabama that a tax lien I had applied for was available for purchase. The land is a 2.5 acre piece of land that is undeveloped in a rural area. The date of the tax ...
Say I purchase a SFH with conventional financing and rehab it and it cash flows. 3 months later I want to cash out refi and use the cash as a down payment to build a home. Does the bank look at the mortgage on the inv...
When I buy a brand new property and spend money making it rent ready, I'm not sure what to classify as maintenance vs adding to my cost basis. For example:* Getting new door locks* Getting a new garage door opener* La...
Hello everyone, well I have been wanting to get into real estate investing for a while. I'm looking at this multi-family property and I just want to get people's opinion on this deal. So option 1 is the current rent...