Edward Stephens
Forming LLCs for a Duplex House Hack
Dear BP Community, I am buying both units of a duplex, leasing one unit to someone else and living in the other. I’m taking a hardship withdrawal from my 401(k) to fund the purchase. Any comments regarding my decis...
Harry Garner
Depreciation Not Included on K-1
My wife and I have recently formed an LLC in Alabama with her 2 siblings and their spouses to purchase a short term rental property also in Alabama. We are 15 months into this and are now having our first full year ta...
Alex Kiot
New grad 22yo, $200k starting salary, how should I do my first house hack near NYC
Hey guys, I just graduated college with a degree in computer science, and when I start work this September my salary will be around $200k. I recognize that having a salary like this early on in my career is a huge opp...
Account Closed
Does anyone have any success stories on condos they own??
Is it really all doom and gloom regarding condos? I know someone out there has a condo as a rental that is doing well for them. Please share your story and give us details about the expenses and income. Thanks!
Sarah Klein
Realistic cash flow with Austin SFH rentals?
Hi all, I would love to hear what Austin-area SFH investors are seeing realistically with their current investments. For those of you who have invested in single-family homes in the Austin area, how much money do you ...
Maximo Flores
50% 2% rule
Hello,
About the 50-2 rule, I wanted to ask how attainable is that rule in major cities? I live in Seattle and it's pretty difficult to find deals that pass that rule. I have been able find properties that pass the 5...
Ishtiaque Hussain
Should I sell or keep our condo?
My wife and I have a condo in Bala Cynwyd near Philadelphia. But we recently moved to New Jersey and bought a single family home. Now we have rented out the condo and have a good tenant - which covers our mortgage for...
Youngwoon Han
Purchasing a 2nd property question as a married couple
Hi Bigger Pocket community,Assuming I should consult a tax/mortgage professional, I'd like to ask y'all for knowledge a guidance here. About me: I own a 2-unit house that I have been house hacking. I have a convention...
Joe Davis
Double Close Transactional Funding
Hey BP'ers,We have always used transactional funding for our "frontside" contracts ensuring we don't need to assign a contract or use the and/or assigns verbiage on the contract. We have always felt that it shows a st...
Eric Gabriel
Analysis: Mobile Home Park in Western Illinois
This is the first deal that seemed to make sense to spend the time to analyze.Deal OR No Deal? That is the question.What should I be looking at? I'm actually interested in cashflow, but would consider a value add, wh...