Felipe Villagran
Looking to buy my first 4plex
The price asked is near 400k and I'm wanting to live in one for a bit and use the rest as income. I will be renovating as I go starting with mine and then the others as renters move. Don't expect to cash flow until I ...
Dan Wells
BIG deal, Blown? Advise please!
So I had a verbal agreement on a property, we have been good friends for 2 years now, It is a piece of commercial property that is on a main freeway in TX. I have done other seamless business deals with him (bought c...
John Morgan
Tax question for rental
I have a couple tenants in dIfferent propertIes who pay me rent in cash. I’ve had them do work on the properties for free rent without any documentation. Is this a problem? I also pay them to do work on my other renta...
Leah Dunnells
Taxes- How to report rental properties
I am trying to finalize our tax paperwork and I am at the step of reporting the income and expenses of the rental property. I can tell based on the rental checking account what the income/expenses were. How do I docum...
Joseph Grullon
Keep my first home to rent out or sell.
We are looking to purchase a home as our family is growing.Should we sell our first property which is a condo, in order to complete a 20% home down payment? Or keep as a rental? But take out a mortgage with a 5 or 10%...
Austin Parker
Owner-Occupied: How to evaluate an Investment Property
An owner-occupied investment property is a multi-unit building where the investor resides in one of the units. I’ve worked with many owner-occupier investors and generally speaking, they are also first-time homebuyers...
Max Collins
Groton, CT Househack Analysis
Hi all, this is my first post after lurking for a bit. Currently I'm active duty military looking to use a VA loan for a househack in the New London County/ SE Connecticut region. I've let a few potential buys slip ...
Bj Carvalho
inlaws...property...and taxes
Hey folks,I'm exactly sure where to post this question...so I suppose it will get posted here for now :-).My in-laws are both retire and on fixed incomes. They have paid off their condo... but pay hefty utilities/mai...
Hanbin Y.
Leverage decreases CoC
So I've been analyzed a bunch of deals recently. And I found that leverage does not necessarily increase CoC or ROI. The short conclusion is, there is a point where fixed expenses(such as Cap Ex) do not decrease, yet ...
Jen O.
Our journey
I guess we are luckier than a lot of beginners. 30 yr old from Kentucky. I own my own equine massage business and my partner is a nurse. We sort of fell into being landlords and started out with two condos in Lexingto...