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12 February 2020 | 5 replies
When filling out Schedule E should I claim it as:1. 3 different properties - 1 multi-family residence and 2 single family residences2. 1 property - commercial 3. 1 property - multi-family residenceI assume option 3 and that makes it easier to fill out, but I wanted to double check .Thanks,Andrew
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8 February 2020 | 3 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to d
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10 February 2020 | 5 replies
Depending on when the contract was purchased, there may be a surrender charge period (amount of time the majority of the funds need to remain in the contract to avoid a penalty - ie surrender charge), however, most companies will waive this on a death claim so it’s unlikely that will be a factor.
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20 June 2020 | 20 replies
The advantage with CrowdStreet is that they vet (or at least claim to) thus living you really mostly with DD on each deal.On SFRs, I think this is where the real impact due to ability to leverage our own cash.
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9 February 2020 | 6 replies
If that is the case then Mom and Dad claim it as a Primary and you don't claim anything.If you are securing the debt on the property making loan payments and the such then it would fall into the realm of a second property.
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10 February 2020 | 13 replies
Insurance company denied claim due to property being vacant for 60 days.
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27 February 2020 | 6 replies
I spent 6 years in the Marine Corps and currently in the process becoming a medical officer so I can swim my way out of student debt.
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11 February 2020 | 9 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
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8 February 2020 | 2 replies
I'm going to go through the process and file a claim to see where this takes me, but would I be able to demand the HOA replace or repair my cabinets if insurance doesn't cover it?
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9 February 2020 | 9 replies
And as far as a future 1031 exchange - If my intention was to to roll these funds into another flip, and roll those funds into another one, my understanding is I would need to have the NEXT property to flip already claimed to do a 1031 exchange?