Mark Burik
I can claim almost no income but will I be able to get a loan?
Hey Everybody!I've been wrestling with this question for a bit. I have a small business (not real estate) and I have currently have 4 buy and holds, each with 30 yr conventionals on them. We've had two years with a LO...
Steven Westlake
Has anybody considered having no insurance?
With this last round of insurance increases we are paying almost $50 per month per apartment. I am considering how hard it is to collect anything when theres a problem. how much the deductible is means I’m already co...
Cam Jimmy
BRRRR Tax question - Stepping up basis
When you complete a BRRRR, can you elect to have all of your expenses of the renovations be added to the basis of the house?For example - you buy a house for $100,000, and put $50,000 into it (Including repairs, maint...
Eric Williams
Listing a Flip During Rehab
Any downfalls to listing a flip as FSBO during the rehab process?
Jacob Vorreuter
Tax implications of equity syndication deals
What are the tax implications of investing in an equity syndication deal as a limited partner?I’m considering investing in commercial multi-family equity syndication deals through a crowdfunding platform. I’ve reviewe...
Anirudh Reddy
Who can claim interest paid on a seller finance property?
Hello,I sold a property on seller finance in August 2024. The loan is still on my name, but is being paid off every month by my buyer. So, for the interest paid on the loan from August through December, who can claim ...
Matt C.
Odd tenant situation - what would you guys do?
I've got a weird situation with a tenant that I'm not sure what to do. I recently bought a 2 flat in Chicago, and the leases from the previous owner were a complete joke with no security deposit. One of the tenants mo...
Arturo V.
Milwaukee Mid-Renovation Steal or Pass? Seller claims $25k LOSS in deal!
From pictures the property appears to be 75% renovated. ARV should be around 45K and should be able to easily rent for $90047XX N 30th St, California, Milwaukee, WI (PM for complete address)Built ~1905~1500 sq ft3bed,...
Erik Williams
Should/Can I transfer my Multi-Family property in an LLC
I am currently under contract to buy my first Multi-Family (4plex) property and actively looking for my second property. Because of 1031 exchange rules, I have to make the purchase of the property under my own name, ...
David Deng
Will I be able to sue a former tenant after termination?
I rent out an old duplex in MA and our tenant's dog have been an absolute nightmare for the past 6 months, pooping and peeing on floors, basically using the kitchen and upstairs bedrooms as toilets. This will likely r...