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Results (10,000+)
John Carr First Time House hack, Do I need more help then my HR Block tax person
23 October 2024 | 19 replies
If this is the same person you've worked with for years and have a good working relationship I would first give them the benefit of the doubt and reach out to two other accountants to see if they will do a complimentary review of you previous tax returns.
Kp W. Adding Tenant Relative to Lease mid-lease
20 October 2024 | 1 reply
We have tenants who are asking to bring a relative to live with them that has a criminal history.
Haley Elisabeth Sell our current business to start full-time flipping?
28 October 2024 | 30 replies
Do you know how to relate to neighbors in the community?
Kristen White First timer - opinions requested
27 October 2024 | 3 replies
If you are an "authorized user" on your husband's credit card(s) you can benefit from his credit and start increasing your score.
John Salcedo Out of State investor
25 October 2024 | 17 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Joe Stubbe Buying our flip and taxes
26 October 2024 | 5 replies
This all comes down to how you're structured, how the flip cost were accounted for, if there is a partner (you mentioned "we").If it is an S Corporation and you "distribute" or "sell" the property to yourself, if there is any loss on value, which probably there isn't, know it most likely won't be deductible if it's a related party transaction.  
Sanjeev Advani Chicago Quantum Computing Campus Set to Transform South Side
22 October 2024 | 1 reply
Proposed by Related Midwest, the development aims to transform the long-vacant South Works site, once owned by U.S.
Manson C. Is Cashout Refinance is a Good Exit Strategy?
28 October 2024 | 10 replies
If you buy an outdated smaller 2bd/1ba home for $150,000 in an area where remodeled 3bd/2ba homes are selling for $300,000, and you know it will cost $50,000 to update the home and add an extra bedroom and bathroom, you can be relatively sure you will be able to recoup your investment. 
Shane O'Neill Out of state investor
23 October 2024 | 11 replies
I don't know anything about knoxville but look to areas you have lived, have relatives, have good friends, know is landlord friendly and know is a growing market.
Sammy Lyon Why would a seller pay a buyer’s agent??
25 October 2024 | 12 replies
If an agent really takes the time to understand what's benefiting the client, it's more straightforward.