Bryan Hancock
Fire Burned Three Apartment Units - Engineering Report Needed?
Last Friday a grease fire at an apartment complex we own torched three of the units. I haven't made the trek out there yet to assess the damage, but the insurance assessor called today and described the damage. My p...
Marcus Hill
How To Get ARV (After Repair Value) With No Comps
What is the best way to find the ARV when you literally have no comparable properties close to the property that you are looking to make a deal out of? For example, I am looking at a house that is 1,800 sq. ft but eve...
Rosaria Pipitone
Inheriting new tenant for new duplex purchase
Hi everyone!Im inheriting what appears to be aloyal tenants for the duplex that I’m purchasing in two weeks. I plan on living in the duplex as well. According to the listing agent, Tenants had been living in the upsta...
Joel Owens
Current tax reform status 12-2-2017 / Senate Passes Resolution
Dear ICSC Member,In the wee hours of this morning the U.S. Senate passed its version of a tax reform bill by a 51-49 margin along party lines. Senator Bob Corker (R-TN) was the only Republican to vote against it due t...
Joseph Turano
203k Renovation in Chicago- Advice/General Contractors
Hi people,I'm looking for any and all advice regarding the FHA 203k Loan/ Renovation process for multi-unit properties in Chicago. If anyone has experience (positive or negative) i'd be curious to hear what it was lik...
Collin Smith
Zillow now says my property is worth double!?
Last year in September I purchased my first solo investment property. It is single lot with a SFH and a separate duplex on it. I purchased it for $96,000 and it generates $1700 a month in rent, with a 15 year mortgage...
E. Jacobs
1 or 2 page purchase contract
I've tried doing searches for some contracts people use to do their wholesaling deals but I haven't really come up with anything. I was wondering if anyone wouldn't mind letting me see their 1 or 2 page purchase contr...
N/A N/A
Pay cash, then refi?
Hi, I'm looking to purchase a SFR as a rental. My last few I've always just put 20% down, but was wondering about paying cash for them. I'm looking at a 200k home. I can pay cash for it, but would then like to refi...
Hector Bermudez
Would you Lease or Not to Lease?
Hello BP,I am looking for some opinions on whether I should lease to an applicant or not. Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit. The unit has brand new...
Austin Hendrickson
Opportunity Zones - new potential PERMANENT tax savings?
Hi Everyone,As a CPA who specializes in real estate I have been doing some reading on the new Opportunity Zones (OZ) passed effective 1/1/18 with the new tax law. While guidance is still a bit unclear and more researc...