
19 April 2024 | 19 replies
As someone looking into real estate investing (currently trying to find an affordable multifamily to house hack), it seems like its going to be difficult finding funding as most properties that aren't in complete disrepair are close to 200k, and dealing with the properties that do even fall below 110k seem like giant investments in terms of how much work, structural and big ticket fixes, where losing money on a deal seems much more possible than making money.
18 April 2024 | 4 replies
Hi Babu,A simple rental property balance sheet will have the following accounts:Assets: Cash, tax and insurance escrow, fixed assets and depreciationLiabilities: Credit cards, security deposits, and loansEquity: Opening balance equity, owner's contributions/distributions, retained earnings and net incomeThere could be a number of reasons that your balance sheet does not balance.
16 April 2024 | 5 replies
Hey quick question, looking to get into fix and flip, but want to sell to Offerpad or Opendoor and similar sites instead of working with agents, is that realistic?

20 April 2024 | 33 replies
I'm not monetizing this in any way, and I only have a limited amount of time I can devote to this project, so I won't be able to review every one of the dozens of different products on the market.What's next is probably a review of REI Hub, which is likely to be the product I settle on based on my initial experiences with them.

18 April 2024 | 10 replies
@Jennifer TaylorSmall world, I live in Greenville SC also and invest in Multifamily properties via syndication.We do cost segregation on all our deals and typically we find an investor gets depreciation equal to 35% to 40% of the amount invested.So $300,000 invested might generate $100,000 to $120,000 in depreciation.The big question is this depreciation loss is considered a passive loss and generally can only be used to offset passive income.You need to find out whether withdrawal from an IRA is considered passive income.You need to find out can the depreciation be used to offset the income from early withdrawal?

19 April 2024 | 15 replies
I know yall at easy street like to see 6 months reserves on a fix and flip and even 20% liquidity of the construction budget . we're just different lenders

18 April 2024 | 8 replies
Provide them with a list of properties that you have flipped in the past including dates, addresses, amounts, outcomes, etc.

18 April 2024 | 1 reply
Hello All,I am looking to buy a rental property with my parent (full cash no loan) and we are trying to figure out how we should set up the agreement in order to get the least amount of taxes paid and most amount of profit made.

18 April 2024 | 28 replies
Tax delinquent property an Owner is given sufficient amount of time to Redeem the land.

18 April 2024 | 8 replies
You can absolutely get a 30 year fixed loan for a non warrantable condo via non qm lending .