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Video instructions and help with filling out and completing residential lease for single family home or duplex editable

Instructions and Help about residential lease for single family home or duplex editable

Either bigger pockets it's math Faircloth are doing another video blog for you guys because I want to talk to you about this role of apartment buildings that we own for today anyway because we're selling them today today is a day of closing I'm actually leaving this site right now to drive to closing after this but before we left I wanted to tell you a few stories about this deal and some lessons I learned and hope to hopefully I can convey that to you too so here's how this apartment complex came about when my wife girlfriend at the time I and I both lived in Philadelphia we started real estate investing while we were dating we bought a duplex and we bought it put tenants in had made repairs to it and increase the value to the point where it was worth a good bit more than we had bought it for and then we got married and very quickly learned that it kind of stings self-managing a unit that's really far away when we got married we moved to New Jersey about an hour or so away from that duplex so very quickly we learned we got to sell this thing because we just move too far away from it to have to run down there and do showings if any maintenance issues come up or whatever she's too far away for us to self-manage so we sold it and we had a nice spread of value in there so we did a 1031 exchange for those of you they don't know what a 1031 exchanges briefly it's something where you take the proceeds of a sale and instead of having to instead of putting those proceeds in your pocket and having to pay tax on that which can be significant amount of tax you've rolled it into another project there's a lot of rules and regulations around it and there is a ton of stuff on BiggerPockets about 1031 exchanges so look that up if you want to learn more we did a 1031 into these two buildings this is 350 and then 350 to Concord Avenue we bought these two buildings with a 1031 exchange some more of our own equity and obviously a mortgage that went into it as well just these two so this is a four unit and a four unit is what is what these are so for about a year we own these buildings they did well we were happy we got a call from a building owner across the street and 359 Concord and they said hey we see that you bought those buildings would you like to buy ours too and we said absolutely so we bought that one as well structured some things with another investor that came in with us and thing on it and we put that deal together and closed that one the rents were low we increase rents we did

FAQ

Can you ever build a commercial building on a lot that is residential?
Can you ever build a commercial building on a lot that is residential? Does the International Construction Code (specifically the International Fire Code) apply to private homes in the U.S.? Specifically, do each bedroom and outside the bedrooms require smoke detectors?
Does the International Construction Code (specifically the International Fire Code) apply to private homes in the U.S.? Specifically, do each bedroom and outside the bedrooms require smoke detectors?
Can you ever build a commercial building on a lot that is residential? Does the International Construction Code (specifically the International Fire Code) apply to private homes in the U.S.? Specifically, do each bedroom and outside the bedrooms require smoke detectors?