Is it a bad idea to use a personal line of credit to fund a down payment on a rental property ? I have very little cash on hand and I’m eager to get started on my first deal. I know not to rush into this thing or I mi...

Hi everyone,I hope I'm posting this in the correct forum. I really have no idea which category this would fall under, but this seemed like the most appropriate one. Here is our situation that I could really use a bi...

We have a tenant occupied property in Detroit that is coming up on the end of the lease with the current tenant. The elderly tenant has been struggling health wise the last year and has been struggling to make her ren...

Hello Everyone,I'm new at this and don't really know much about investing in real estate. I know we have a website, realforeclose, where foreclosure properties are sold on online auctions. I did some research here and...

My accountant is worried about my home being sold some day, and the rule about 2 out of the last 5 years rule?
I'm looking for some help with the IRS rule 262 Or Publication 523.
I've owned my principal residence ...

I received a CP2000 notice from IRS and send to my accountant who prepared taxes.  The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return.  The issue was...

Hello everybody,

Yesterday I found a property on craigslist Cleveland, a 8 unit (6 apt. and 2 store front) for only $95k. Building is rented out (month to month) and I can buy this house with my o...

I recently engaged in a negotiation to buy a portfolio of rental apartments from a seller whom just inherited these properties from her late father. The properties were off market. I contacted her to discuss if she mi...