Shawn Cunningham
Investor, Real Estate Agent, and “Flipper”
26 January 2020 | 0 replies
My desire would be to take profits from other sales to add hard improvements to the property and rent those remaining four lots out for tiny homes/mobiles.
Andrey Y.
Using a 1031 Exchange intermediary for small deals
28 January 2020 | 7 replies
Your gain is the difference between the adjusted cost basis (purchase price-depreciation recap+capital improvements) and the net sales price.
Joseph Sewell
Pre-approval and Credit
27 January 2020 | 6 replies
As you get months down the road from the point when the inquiries happened, your credit score will improve again provided you are keeping healthy credit traits.
Antonio Verderosa
Should i do a Brrrr or 20% down?
29 January 2020 | 4 replies
You're going to have to make some significant improvements.
Emily Refi
Tenants have acquired too many large vehicles
27 January 2020 | 4 replies
My long-term tenants in a a town home have acquired 2 very large pick-up trucks and a sedan since signing a lease last April (it expires 4/30 this year).
Mitchell Chingay
Real Estate Industry Crash
1 February 2020 | 10 replies
Acquiring below market and implementing a value-add improvement plan will result in a portfolio of properties that appreciate over time and that also offer significant tax advantagesPick the right market – not all housing markets were impacted in the same way during the last recession.
David Rodick
Help with first year flipping projections
17 February 2020 | 7 replies
Personality: Very strong discipline and work ethic, smart, analytical, detail and numbers oriented, currently improving a weakness of time management and getting lost in the details and getting better every day.The plan: Flip as full-time as possible while: Flipping one house at a time to start so I don't over-leverage in case something goes wrong Hiring out as much work as possible to focus on the big-picture process, plan for the next one, and maximize the pace of flipping, learning, and scaling Target C class houses and neighborhoods in Kansas City, MO (maybe 60k-100k ARV to start).
Tishon Greene
Increasing property value from an apprasier
28 January 2020 | 16 replies
Don't worry, you can get the job done without MLS data, it's just harder to do.As far as your question about making an improvement and if it's worth it, that just depends on your market and is a very difficult question to answer, even for an appraiser.
Nicolas Ake
Contractor Supplies/ Tax write off for truck?
27 January 2020 | 2 replies
If it is going to be my responsibility more often than not, would I be able to write off a new truck as a business expense?
Anjoli Elizabeth Rowe
Keep first rental or sell and start BRRRing sooner?
27 January 2020 | 5 replies
I appreciate you taking the time to assist and to provide this list of information to include.Purchase price: 249,900Down payment: 7,500Additional closing costs: 4,887Additional cash for improvements: ~1,000Current market value: 298,000 (this is Zillow estimate, haven't discussed with my realtor yet)Current loan balance: 235,227Current loan interest rate: 5.0%Monthly mortgage payment: 1,574Monthly average total costs (with utilities included as it is a furnished short-term rental): ~1900Monthly average rental income: 2241 (averaged over past six months, has ranged from 1423 to 2646)Monthly long-term rental potential (assuming no utilities or furniture): 1500-1600 (pretty much just the mortgage)