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My wife and I bought our first property in June of 2021. We are househacking a triplex where we rent two units out and live in the 3rd unit while renovating. We are now looking to move on to our next property. A famil...
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Hi, I have an LLC that holds the real estate and the other LLC is handling the management (getting rents, sending payments, etc.). As I was preparing my taxes, my tax professional advised me that management LLC is red...
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My goal is to owner occupy a 2 family house in Yonkers, NY. I would live in the property myself for ~3 years give or take and the goal would be once I move out to have the property fully rented and cash flowing. Ideal...
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I am looking into purchasing a duplex in Norfolk, VA as a first step in real estate investing, with the plan to owner-occupy for 2-3 years. Norfolk because I like the city and it also seems that properties are still a...
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Hey everyone.
First and foremost, it's been a blessing connecting with so many individuals in this space. You all have been very kind and warming to me, as a new agent and novice investor. Thank you.
I had an aweso...
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Hello BP community, I am currently a new investor here in Columbus, Ohio and I am looking to house hack a multifamily. I currently have a 33K/year salary. However, this is a 1099 job position. I'm a recent college gra...
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Hey all,
For those of you that are actively buying or have purchased a "Mom and pop" Inn or motel - what metrics matter the most to you? How does your underwriting look?
I'm an active multi-family buyer/invest...
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I've heard many people getting an LLC and using it towards their rental properties. I just had a few questions to clear up and ask like:1.) What is an LLC and how can you use it towards your properties?2.) What is the...
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Recently, I took over management of my elderly father's real estate portfolio (i.e. mainly single family homes). All of his properties are paid off, but most have deferred maintenance which I would like to address. ...
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I am currently working on purchasing a triplex with an FHA loan. Last week, the appraiser was scheduled to perform the appraisal, but, according to the listing agent, the appraiser immediately walked off-site after di...