Cristen Marcotte
DO NOT USE STEADILY INSURANCE
19 January 2025 | 15 replies
I work with Steadily as an independent insurance agent and haven't had issues.Did you e-sign your initial application?
Ilia Zakharav
Convert 6 unit multifamily into condos, 1031 after
9 January 2025 | 2 replies
Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.
Evan C.
So is this how substitution of collateral (substitution of security) works?
2 February 2025 | 7 replies
Preferably low or no money down as best seller would be one only interested in the monthly incomeI then sell said first property and take that cash to buy the investment I am really wanting and I get the terms I want.only thing I don’t know about yet is, how to dodge the tax on the sale of the initial property?
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
If you had identified the property, the cost and the travel cost would have been added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals.1) Flipping: The travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.
Jeanette Land
Help with adding to my profile
13 January 2025 | 14 replies
Focus on affordable markets, build a strong network, and continually educate yourself through books, podcasts, and deal analysis to steadily expand your portfolio.Good luck!
David Lewis
Boston - Has the ship sailed?
23 January 2025 | 45 replies
I know the seacoast of NH has been mentioned here but I wanted to point out a few options that could be considered.Hampton, a popular coastal town, has strong demand for multifamily units near the beach and a robust short-term rental market, especially in summer.
Meghan McCollum
Looking for Insight Into Duluth, MN
21 January 2025 | 21 replies
Duluth has traditionally had a strong college rental market and thankfully any small decline in enrollment rates haven't been as severe as other traditional college cities, eg.
Esther Iroko
Tenants not paying rent
1 February 2025 | 23 replies
EXAMPLE: you can probably send out the initial eviction notice yourself and then forward to attorney if a court date is needed.Regardless, it is our opinion a landlord should START the eviction process every month a tenant is behind, no matter their excuse.
Rebecca Cho
Excited (and Nervous!) to Start Our Real Estate Investment Journey
13 January 2025 | 25 replies
i strongly disagree with this.
Moshe S.
1031 my portion or total sales price
16 January 2025 | 7 replies
The LLC is just me and my wife that owned the initial property so that wouldn't be an issue here.