Sam Hendricksen
Buying near new casino
5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.
Anthony F.
Pay Off Second Home or Leverage into New Property
4 February 2025 | 11 replies
@Anthony Finelli check your mortgage paperwork for the Truth-In-Lending form to find your APR.APR is your effective interest rate including interest, MIP and closing costs.If you can refinance the rental at a cheaper rate than the APR, then you should!
Jared Mink
Evicting Tenants prior to or at purchase
6 January 2025 | 1 reply
Even then its often more cost effective to work more with what you have.
Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
Finding a good account and bookkeeper wasn't difficult and using online registered agents was way more cost effective.
Alejandro Ortiz
Starting My Real Estate Journey—Eager to Learn, Grow, and Collaborate
3 January 2025 | 2 replies
This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
Doing this results in a reduction of the effective amortization to 17.08 years (205 months).
Steven Rosenfeld
What do you think of syndicate sponsor Goodegg Investments?
26 January 2025 | 51 replies
Effectively good egg is simply a P.O. box that takes a Commission out of your hard earned/saved money, in return, for purportedly providing due diligence to vet the potential projects and sponsors, on your behalf.
Reid Ervin
Partnering with an Investor to Purchase Off-Market Portfolio via Seller Financing
7 January 2025 | 2 replies
Best Practices for Finding a PartnerWhat are the most effective ways to find a solid investment partner?