All Forum Posts by: Toby Tobe

Thank you guys! I'm soaking in all the knowledge you're providing.  You guys are awesome!

Thank you for your comments. I can really use your guys' experience. 

So, the building has to be under my father-in-law's name for the next two years, then we'll transfer it under my name afterwards. There won't be any liens on it. I'll just be paying him back roughly 1/3 of what the building is worth. I'll need to get it appraised for sure. I figured there's a lot I can pull out of the building in two years. I was just wanting to knock out some monthly bills and start acquiring more property. A CPA will definitely be beneficial. 

Thanks, again. 

House hack, ewwwww. LOL. I can't do that. Kudos to those who can. I need my space. 

Thank you for your insight. These are great questions I need to mull over. 

I'll definitely be talking to a CPA.

Hi, All.

I'm super new to this. I have a residential and a commercial property, both with great long-term tenants.

The predicament: I'm subleasing the commercial building. I'll get it under my name in 2 years.

It's insured for over $1mill. I was thinking of refinancing it when it's under my name and cashing out to pay my house I live in and the rental house, then investing in a newly built duplex.

What do you guys think?

Hi, All.

I'm super new to this. I have a residential and a commercial property, both with great long-term tenants.

The predicament: I'm subleasing the commercial building. I'll get it under my name in 2 years.

It's insured for over $1mill. I was thinking of refinancing it when it's under my name and cashing out to pay my house I live in and the rental house, then investing in a newly built duplex.

What do you guys think?