Hello everyone! I am working on getting a duplex deal finalized in LA that is zoned with RSO. The bad news...well RSO in Los Angeles is just a nuisance. The good news...both units will be delivered vacant at closing.
...

I want to bid on a property that is due to be auctioned on auction.com in the next few weeks. I would like to understand any additional costs or risks associated with bidding. So, I am curious what other expenses I ...

Hello everyone!

I am considering using a HELOC for a down payment on my first investment and I wanted to get everyone’s opinion on this strategy and if it’s a good strategy or not? Thank you!

My rental home was damage by fire that started by the tenant. The insurance claim paid out a portion and the recoverable depreciation portion is to be paid after the work is completed. Does recoverable deprecation bel...

If I earned interest on a promissory note, but incurred expenses to loan that money, how do I report that?I loaned money to a real estate investor who then used the money to fix and flip a property. He gave me a promi...

Purchased a house in 2019 but the rehab / start-up carried into 2020 before being ready to rent.  I understand most of what I've read about capitalizing start-up expenses and the $5000 rule.  I read somewhere, can't f...

How much will the buyer need to pay if they don’t close the loan?

I gave my tenant a 10 day demand for rent letter, which she acknowledged. After a few days, she agreed to move out. By the 15th day, after the demand letter timeframe had passed, I still didn't have the rent in hand...

I work for a Hard Money Lender, and had a client ask once how he might be able to leverage an SDIRA to create more liquidity. He was using the funds to invest in real estate, but wanted a way to keep at least a portio...

Hello all, so here is the deal;

Bank owned property listed at 153k

After seeing, I offered 155k plus closing (7k) which brought my offer to 162,500k. Still not too bad but possibly too high for bank owned.

I elec...