Hello,
I am in contract to buy a property in Pittsburg PA ( zip code - PITTSBURGH, PA, 15205 ). Interested to talk to locals who can help me with insights into the area and also possibly drive by the property f...
IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii). The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4): "The extent of an individual's participation in an ...
Client's building burned in fire. Residential rental property. Fire occured on 10/01/2020. Cost: $400,000Depreciaiton: $120,000 up to 09/30/2020Insurance paid $635,000. Assume no Salvage value.Insurance payment w...
I came across a value add 14 unit multifamily in an improving area of Chicago and i'm looking from some guidance as to how people have approached similar scenarios in the past.Here are the details:14 unit; all 1 bed/1...
Hello, I'm an investor in Metro Detroit since 2008. In the last 2 years I also started purchasing rentals. I've bought one cash and the other with a conventional mortgage. Does anyone know of lenders that do not...
I currently attend the SDREIA over at the scottish rite building, I want to get more active and acquainted with other investors. That meeting is great but I would like to see what other groups are out there. I am a ...
Hey guys, my first batch of mail has gone out and the results have been incredible. I have fielded almost twenty calls, met with one seller, and have four more meetings set up this week!
We have a home that we are pre-qualified with the bank to purchase. The loan is a 30 Year Conventional/Rehab loan which is requiring 15% down with an interest rate of 5.6% (which imo seems pretty reasonable). The pr...
Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status. Specifically, I want to understand how you track your daily activity and to what level of detail? Are t...
Investors, and in particular those that do *not* manage their properties - how do you track your properties? Is there a program or software that allows you to easily observe all the properties in your portfolio, as w...