My wife and I have a house under contract that we're planning to house hack. The plan is to rent the 1000sqft basement as a short-term rental (1800/mo) then when we move away after a few years, rent the top 2000sqft a...
I’m pursuing a property out-of-state that has great cash flow and ROI numbers. I want to make sure that I’m not over paying for the property so I can add value and gain some equity growth. Had a REA run CMA and all s...
Hi guys,
I'm looking at a deal in Chicago. It is a newer triplex (2008) at 1344 S. Karlov Ave in Chicago. The one caveat is that these are all section 8 tenants, which I have never done before. I know some pe...
Hi All, Just looking for some advice and recommendations for an excellent CPA. I purchased my first fix & flip in March this year in Charlotte, NC. Purchased all cash from a wholesaler. After reading various sourc...
I own a rental in the outskirts if San Diego City. I would consider it a B location. Due to location its been easy to rent over the years but the quality of the tenant lends itself to a larger turnover expense when ...
I am having some difficulty narrowing down my options of locations to invest in. I have a few mentors that are all based out of one area (windsor) that are pushing me to invest there but I have not been able to talk t...
I’m looking to start my investment journey by purchasing a duplex, living in one side and renting out the other. I only have enough for an FHA loan which requires a 3.5% down payment. I’m having a hard time finding pl...
Day after tenant moved in, we installed a brand new stainless refrigerator. A year later, they have moved out. They apparently used the FRONT of the stainless fridge for a bulletin board. All 3 doors have scratches an...
1. Forgive my ignorance but after watching youtube videos regarding recent changes about landlords it gave me the impression that "section 24" means that landlords are now taxed on "gross revenue" and not "net profit"...
I know there have been many discussions on this topic but looking to see what advice you guys have for my unique situation. I'll try to include as much info as possible. My current home was purchased for $56k with $...