Harris L.
Potential 1031 exchange considerations and questions.
Hello guys,Been a member for years and have been quiet until lately... have acquired a few properties along the way but now I have a scenario I'm not sure how to handle and would also ask my cpa about this.Scenario: O...
Shonari Wynter
Doing a BRRRR! Should I keep receipts of materials?
Hey everyone!So doing my first BRRRR. Project is about a month out from completion so I’ve been thinking about the refinance part of it. The contractor has been giving me final receipts. Meaning they buy the materials...
Account Closed
Anyone hire attorney sue homeowner insurance company?
My friend has a water loss and damages in a rental property.
The adjustor came and had estimate already.
No injury.
But the insurance company finding all different excuses to delay my friend’s claim payment for ...
Chris Bounds
1031 Exchange on SFR - Is It Worth It?
I know the question is subjective. Obviously there is a tax savings (deferred) benefit. For those who've gone through the process on a SFR, did you find it worth the extra steps, time involvement, and (maybe) hassles ...
Brian Keeler
Demographics Northeastern states. Mass Exodus to the South?
I live in the New York metro area and I was looking to start investing relatively close to home (400 mile radius.) Generally speaking I am looking to start out with around a 20 unit property at an 8-10 cap. While I a...
Nick Gray
Choosing a Low Down Payment Mortgage: ARM or Fixed?
Hi Everyone, I am in the process of purchasing my first deal, a duplex in Exeter, NH, for $265K. My plan is to house hack by owner-occupying one side with a roommate and (hopefully) living for free. I have just enough...
Ryan Dossey
What on earth do you do with vacant land in C class neighborhoods?
We had a seller bring us a package with 4 homes and a vacant lot in it. Seems like they are trying to pass off the land so they don't have to deal with it. They value it at 15k. You can't build on it as I don't think ...
Account Closed
27 years old - 50% Savings Rate in NYC, You Can Do It Too!
Above are actual numbers that I tracked on Personal Capital and graphed using http://sankeymatic.com/build/.I just hit a 50% savings rate of my after tax income! A high savings rate is stressed in Scott Trench's book...
Tracy Thompson
Single family returns? 12% over a 30 year period and $200/month?
After reading The Book on Rental Property Investing three times and searching daily for five months, we believe that we are close to closing on our first single family home that is 700 square feet and in very good con...
Jordan Miller
Does this property make sense to hold onto?
I house hacked this 4-unit property start year of 2022, moved out in a triplex in 2023. Since then, I’ve had a nightmare of items pop up
Mortgage payment: 1,495 to 1,950 (home was valued at 100,000 on the county aud...