Posted by John(NH) on April 15, 1999 at 10:05:21:
You start talking about a 4-plex and then mention a duplex. Which are you looking at? You should be able to live in a 4-plex (perhaps even a tri-plex) ‘rent free’. As for your other questions:
- I shoot for 12% CAP on average. If I can get great terms, I’d take lower.
- Protect property taxes? I have no idea what you mean, but a corp will offer a better way to lower your income taxes than owning in your own name.
- If my property isn’t for sale, the only reason I’d sell it is if someone paid me a ton of money. Generally it’s a waste of time to make offers on property that isn’t for sale, however you could contact them and leave your contact information for when they do want to sell. Then you’ll have first crack and be ‘alerted’ that it is now for sale.