John Lee
22, New to REI and looking to network and ask for advice
7 January 2025 | 20 replies
You typically need up to two years of stable employment before a bank will loan to you.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.
Sean Gammons
How to buy two rentals in one year?
16 January 2025 | 17 replies
It depends on the rental income, what you plan on putting down (20-25% is typical, 15% or 25% is required for conventional depending on # of units) For your owner occupied deal, you should be able to use a portion of the rental income to qualify and help offset your DTI a bit.
AJ Wong
Could Trump shock Short Term Rental markets with Tax Loop Hole for AirBnB Investors?
24 January 2025 | 6 replies
President Trump’s nominee for Treasury Secretary, Scott Bessent, testified that extending the ‘Tax Cuts and Jobs Act’ of 2017 is essential to avoiding economic catastrophe.
Tariq B.
Interest Rates on Commercial Loan?
27 January 2025 | 6 replies
Happy to connect if you have all essential details.
Niklas Zhu
Cost segregation recapture on a teardown property
27 January 2025 | 2 replies
If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.
Andres Ortiz
Referral for "boots on the ground"?
14 January 2025 | 17 replies
Boots on the ground is hyperlocal, and what you're looking for is essentially cheap labor that can open a door when you need it.
Mario Morales
Choosing between a "traditional agent" versus "Redfin Agent"
16 January 2025 | 1 reply
Also, which choice is better for you highly depends on what your real estate goals are and the experience level & skillset of the specific agent.Traditional agent and Redfin Agent could essentially be the same thing in many cases.
Tyler Bolton
LLC versus personal umbrella policy for Indianapolis SFH rental
12 January 2025 | 7 replies
Typically, we set up entities in the state in which the property resides.
Alex R.
Southern Impression Homes
14 January 2025 | 27 replies
Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless.