Using Round numbers Selling condo without realtor for $444,000 bought it at $144,000, $44,000 improvements, no mortgage, lived in first 5 years, rental for last 29 years.1) In order to have zero tax liability on gains...
This past weekend I was at a real estate seminar which I love going to both to learn from the instructor and meet other investors. I met a fellow student that had one of the most interesting business models I have ev...
I rent out the extra bedrooms in my house. I have a nightmare tenant who is moving out in 8 days (can't come fast enough!). She is not staying here tonight and she has left all of her lights on and her blinds are fu...
When looking to house-hack a multi-family property, what should I consider in terms of what I can afford? Should I factor in the rental income, or should I assume I’d pay the full cost of the property?
First Investment Property - Commercial vs Conventional MortgageI have been researching and trying to decide on a lender/Type of mortgage for my first property. I would like to get pre-approved so I can be ready to pur...
MikeOH and some others talk about this 50% rule. I just bought my first rental property for 22,000. When I add up all of my expenses (tax, insurance, mortgage payment), I come up with 78% expenses compared to gross ...
How much do people care about the appliances matching brands across the board? Meaning if we put in different brands for fridge, stove, micro, and dishwasher, is that even something people notice or care about?
Hi, everyone. I just joined the forums today and have spent the last hour or so reading several posts... I can't wait until I am as experienced as you folks are in making money in real estate!
My realtor has just fo...
Hello guys ! Is there anyone in this forum that has some experience on Airbnb ? My questions are1.where do I get the contracts ? 2. Do I have to sign a Lease from the Landlord and add an addendum contract ? 3. After c...
We have a contract on rental #6. Cash out of pocket $15,000, Purchase price $89,000, rehab $23,000, ARV $135,000, capital gain $12,000, 80% return on capital gains, monthly cash flow $463, 37% cash on cash return, tot...