All Forum Posts by: Luis M Diaz

Thank you for responding. The single family house was my primary residence. It was not an investment property. 

I sold my single family home in 2018 and bought a 3 unit rental property. I did a lot of work to the rental property and need a good cpa to fill out my taxes. I tried turbo tax and wasn't too happy with the results. Please guide me on this subject. I'm new to real estate investing and want to continue to grow. 

Thank you Chris and Aziz!

Newbie here. I live in Berwyn Illinois. I've been doing a lot reading and research on real estate investing. I'm stuck and I'm having trouble taking my first step into real estate investing. I wish I would have started before I bought my first home. I bought my first family home March 2014 for 136,500 I got in some credit card trouble and did refinance-cash out on my home October 2017 so I can catch up on bills. Now I currently owe 150,000. At the time of my refinance my home was appraised at 175,000. Similar homes in the area are selling for 185,000 to 200,000.

My goal is to buy a multi family. What should my next step be to get this Multi family investment property? I'm not sure if I should sell or refinance my home to come up with a down payment for my multi family home. I would like to know what are my options and what I can do with what I currently have. 

Thank you in advance for your time and help.