I'm going to send a request for repairs form.

You would need to file a proof of claim for the monies owed and hope you secured it by a deed of trust.

They sent me their seller intake form with a list of properties that are being sold and a form for the new investors.

Hi there, I have a question.

I saw one recently written about a certain asset class that is not doing well but this person was predicting it turn around very soon - which just so happens to coincide with their FB marketing ads about their new fund that is in that space.... 

My thoughts have been to use half for 20% down on next primary and the rest for a rental property OR put all $150k into a multifamily and house hack for 1-2 years then do a HELOC and do it all over.What would you suggest if you were just starting out? 

Is anyone here a real estate investor in the Central IL area?

I'm considering a multi-family in dutchtown right now and know VERY little about the area and St.

I would be inclined to not hold on to a cash flow negative property, I see our costs only going up. 

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.