Karen Kealy
John Cochran's Prehab Profits
Does anyone have any thoughts or experience with John Cochran's Prehab Profits?
Justin Long
Depreciation as it relates to cost basis
I may be thinking about this way to hard. However, I am also a newbie to REI and the tax implications therein. My scenario is simple: Single family home purchased by me and in my name, mortgaged property, and rente...
Chris Garrett
Tax Foreclosure Financing - Arkansas
I'm looking to buy a house from an upcoming tax foreclosure auction in my county (in Arkansas).
The property is in a great neighborhood, but it will definitely need some repairs.
I have access to a little cash, bu...
William Mccurdy
Depreciation method preference
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Javonn Musgrove
2nd duplex, 2nd house hack, 2nd purchase w/ private lender
Investment Info:
Small multi-family (2-4 units) private money loan investment in Mc Kees Rocks.
Purchase price: $125,000
Occupied duplex purchased with private $ at 8%. Will hold with private money for ~...
Paul Bickle
HOI question- 4plex non own occ - title in personal name
If I am purchasing a non-owner occupied 4 Plex that is titled to my personal name. Shouid I get a personal lines, DP policy ? Or a habitational commercial policy? I have one insurance agent recommending a personal l...
Oleg Serdyuk
Sewage has a problem but that is city's responsibility
I am about to purchase a single family house.
Sewage inspection indicated that there are some cracks, pipe separation where two pipes connect, etc, but nothing very serious.
The bigger problem was mentioned in a r...
Michael Kiley
Would you flip this house or rent it?
My friend loaned me 100% of the 15k purchase price for a fixer upper with 5k cash out for repairs.I completed the rehab with 25k from my home equity line.For his security, we put the house in his name. Option 1. Sell:...
Zachary Rosa
1031 or not!
Hi,
I am planning on a potential 1031 (very early stages) and would like to see what the reinvestment goal would be to maximize the befits of the 1031.
property I would like to exchange
purchase price $515,000
...
Hugh O'Neale
Partnership Agreement, Fico for credit line, Commercial RE
A CPA friend and I want to form a limited partnership. He has a great credit score and offers it for me to acquire an unsecured Line of Credit that I will use for earnest money deposit and soft costs associated with t...