Nicholas Nothnagle
5 bedroom converted to a 3 bedroom
Hello All,Im new into the real estate industry and I am contemplating purchasing a 5 bedroom and turning it into a 3 bedroom house? Using the 2 bedroom side as a rental property. Would this be a smart idea? This prope...
Tom Hejnas
Newbies from Chicago, IL
Hello everyone. Me and my fiance Tina were always interested in real estate and were recently fortunate enough to acquire a rental property here in Chicago. After purchasing "The Book On Managing Rental Properties" we...
Emmanuel Serrano
PNL loan Pros and Cons
I’ve looked at general info on PNL loans but looking for the view point of investors on the pros and cons of a PNL loan
Kellie Powell
Gas Mileage question
Needing clarification. Can we claim gas mileage both to and from our flip / Investment property? We do not have an actual office / warehouse. Therefore, we consider our residence our "office". We are working on a ...
Brit Foshee
If homes are treated as inventory, is a home purchase deductible
I'm seeing conflicting information online.As a "dealer in real estate", my homes are treated as inventory.Because they are treated as inventory, is the purchase of a home deductible in the taxable year it was purchase...
Kang Thao
Just getting started... Big Bank vs Credit Union Bus. Account?
HELLO! We are in the process of closing on our very first multifamily, a 4plex, at the end of this month. It needs some work done in all the units, but we are excited non the less. Everything in REI is still new to...
Zach Harris
Real estate pre license - seeking advice/mentor
Hi everyone, my name is Zach and I’m currently taking my pre license course for real estate sales. I’ve heard numerous times to seek a mentor and just overall someone to look up to and learn from.
I’m very open, hon...
Vamshi Ananth
Wells Fargo lending at 3% down... have we been here before???
Today's news, Wells Fargo back to lending home loans at 3% down without FHA. Does this sound and bells? Looks like history does not repeat but definitely rhymes. In my opinion we may be entering into the final phase o...
Karen Margrave
If interest rates drops, what will you do?
We were just talking about this today, and had various viewpoints, therefore; I thought I would come to investors and ask: If interest rates drop again down to the 2-3% range will you:1. Max out equity and take money ...
Jasmine C.
Tent in common or llc partnership
Hello. I’m purchasing a single tenant commercial building and my cpa said I should purchase the building as 50/50 separate ownership like tenant on common vs a partnership llc because it’s easy to sell and he can do o...