I’m currently house hacking a two family home renting out two apartments (living in the basement apartment I built for myself) I have a FHA loan but my questions are related to filing taxes, & claiming income / d...
Hi Everyone!
I am starting to learn about real estate investing. I’ve been watching some webinars, listening to the podcast, reading the forums, and I plan on buying David’s book in the next couple of weeks. I was ju...
Is anyone putting safeguards in place to protect empty properties, especially those with construction going on? We had a break in last night on one of our projects; fortunately, sheet rock is going in and loss was min...
First time posting here. I live in Ogden, UT and currently have 10 townhomes that I rent and manage myself. My goal would be to have 20-50 doors in the next few years. I put down payments all of the properties, ve...
We have 13 units (mostly duplexes and one 4 plex). We bought them a year ago hoping to keep them until we retire but I’m learning that a lot of investors only hold for 5-7 years? What is the reasoning behind this thou...
I am closing on a 2 bedroom condo next week, but need to renovate it (new flooring throughout, brand new kitchen and applicances, repaint), which could take ~6-10 weeks. I am currently living in an apartment and my l...
Hi guys,Lenders have strict DSCR requirements. For instance coming in at a rate of 1.3 per year. I bring this up because during the initial years of building ownership, to improve long term cashflow a building owner ...
Do you use a specific wording about WHAT and HOW your property is clean and returned to receive their security deposit? As in....steam clean carpets, grass mowed,etc?
Any examples?
Thanks to all that answer.
Okay, I needed some clarification regarding the contracts involved in wholesaling and especially, what HUD settelement documents are. I was informed that they could be used so the cash buyer didn't know the original p...
Hi there, I'm looking to buy a duplex with an FHA loan in the next year and curious if I can also convert the garage(s) into another unit or create an ADU. ADUs are legal in Texas, but I'm interested to know if anyone...