Adam Kuhn
Need help determining price
I am looking at a side by side duplex in a great neighborhood. There are not many comps that I have been able to find as it is mainly a single family community. I am having trouble determining what to offer/what p...
Tijana Flowers-Harris
Househack a Three Family or Single Family then Refi? First?
Hello,I will be purchasing my first property soon. I am in the Northeast, and was wondering if it would be smarter to purchase a three-family home, live in one unit (for 12 months w/FHA) and rent the other two out, an...
Charlie Gonzalez
Section 8 inspection advice
Good afternoon everyone! Kindly looking for some advice on what to look out for when it comes to section 8 inspections in Rochester, New York. Specifically Monroe county. What are you guys commonly seeing get dinged f...
Julio Gonzalez
Real Estate Professional Status
What is Real Estate Professional Status?
Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other typ...
Ariel Thompson
Mobile Home Contract
Hello everyone I’m new here , What contract I can use for my clients mobile home if I’m finding her a buyer and she’s just going to give me 10% of the sale once it’s closed ?
Matt D.
Planning permit for modular homes
Hi all,I have not had a chance to check with the city and I could also not find this info in the city websites about the followings. An inspector told me today that planning/permit for a modular homes in California ne...
MJ Sauer
Sale of Land in an S Corp
I am selling a lot that I bought about $7,000 in 2013. The sales price is $110,000. The lot is owned within one of my businesses which is an LLC with an S-Corp tax election. I think this might have been a mistake t...
Michael Ealy
How to Raise Private Capital - Experience with Chinese Investors
One of the most common questions newbie real estate investors ask is:"I am a newbie and I want to raise private money to buy deals. How can I do it?"I will answer it using my personal experience. I started investing i...
Sam Alegria
Should I be worried about Credit Inquiries?
I have 7 Credit Inquiries right now. I got 6 last year from looking for a personal home for over 9 months before having to halt my search. Now I'm looking to invest in real estate and just got pre-qualified for a loan...
Greg O'Brien
Clearing Up Confusion on Tax Treatment of Short Term Rentals
Hi All - I've seen quite a bit of confusion on the application of the Passive Activity Loss Rules and Short Term Rentals. Beyond BP, there is a lot of confusion in the accounting community as well but the same rules...