Zachary Bellinghausen
Convincing HOA to allow STR's
I have a downtown Salt Lake City condo that is in a small HOA. There are two buildings with 6 units in each, for a total of 12 units. So it is a small community. There is an HOA meeting coming up and I am going to try...
Christopher Kinnaman
Can you borrow on a house that is already paid off?
I am new to the real estate game. I am possibly going to be getting a lump sum of cash this month which I then want to use to purchase a house. I do know for a fact that the amount of money I will be getting is not en...
William Taylor
How long to wait before firing/going to another contractor?
I initially hired this contractor ~4 months ago. He has been doing great work, and we are close to the end (last 10% probably). I have only paid him ~35%, as we had an agreement due to tight budgets, and he would be r...
James Park
Qualifying as a real estate professional for tax deduction purposes
I would like to qualify as a real estate professional in 2012, but i know the minimum hours you need to spend on real estate activities is 750 hours. I did not spend 750 hours in RE activities in 2011 to qualify. From...
Derrick Dill
HOA not allowing ADUs (California)
I've been researching townhomes to possibly purchase and want to check in with them regarding if they can build ADUs, if I can convert them and I've got push-back from HOAs stating ADUs aren't allowed (California). AB...
Igor Z.
First primary residence/investment property purchase question
Hi Everyone!Iam currently looking at purchasing my first primary residence that is a 2 family with a 1 bedroom rental.Seller and myself are going back and forth on the purchase price. The property is in Staten Island ...
Choon Yee Dee
Max Allowable Offer for Fix and Flip
What’s up everyone!? I have a question regarding max allowable offer.
(ARV x 0.70) - rehab cost = max allowable offer
Example: ($900,000 x 0.70) - $100,000 = $530,000.
My question is, why do I have to subtract the ...
Kelvin Ortega
Renter to Buyer/Landlord
I want to finally own my first home and buy a 2nd to rent out. Which is the best route to do so? 2 Apartments? Multi Family ? 2 Condos ?
Jeremiah Struble
Analyzing a multi family property
Hello all, I’m looking for a few helpful pointers when analyzing a multi family deal. I am currently looking at an 8plex unit and am trying to see if it is a deal or not. What are some of the main things I need to lea...
Jake Faulkner
Arbitrage in Austin, TX ?
With the STR operating license guidelines, one has to own the property in order to rent it out for less than 30 days. Does anyone know a way around this?I imagine people or doing it anyways and just gambling on not ge...