I just got a draft from a CPA, that I need to write a check of $40K for taxes.
I have in my email where he said even if I don't do a 1031 exchange, my capital gains will be offset by passive carryforwards. I've had i...
Hey All! Curious if anyone has insight or experience with buying a 2-Flat property in Chicago with a finished basement that is not technically a legal unit. My plan would be to live in the basement unit and rent out t...
I have a nice young married couple at one of my rentals that recently informed me they're breaking their lease because they're under contract on their first house. I didn't know they were in the market, although i'm n...
Hi Folks, I have a question from a listener who emailed me and I was not able to answer the question, having not come across the situation myself. Here's the question: If I sell one of my rental properties- let’s say ...
I was thinking about owner financing a property to a buyer and I need some help please to figure out if this is a good deal or not.I paid $235,000 for the home. Here would be the terms with the buyer:Sales Price: $315...
I’m one year in to owning my 4 unit multi-family property. Bought it for $209,000.i have dramatically remodeled the building in under a year and doubled the gross monthly rent income.As of right now I have a cap rate ...
Does anyone have any experience/ success with this strategy?
I started researching REI a couple of years ago, and have dedicated a massive amount of time to learning and searching for properties. I want to expand my ...
I am a fairly new agent still learning the ropes and while looking at the MLS data for my area for turnover rates, all the peak turnover areas around me are HEAVILY farmed already, but i found 2 that had great turnove...
Made an offer on a HUD house in Milwaukee yesterday and it was accepted today. Went to see it again this evening and noticed that the AC compressor has been stolen along with interior copper. It was all intact yester...
Thank you to everyone who takes the time to read these posts and share their experience.
My question is what would motivate a seller to use seller financing to sell their primary residence using seller financ...