Kin Meng Sio
Is primary residence HELOC interest tax deductible?
Hi,I live in Washington state and I have an in-state 4-plex currently under contract with conventional financing. I plan to use one of the following options to partially fund my down payment + closing cost:1. HELOC fr...
Michael Ricklick
Recourse for Delayed Closing?
It is the holiday season and we had a closing date on a duplex of Dec. 6th, which currently has no end in site. The seller's broker has a history of delays, their attorney was running for public office and their title...
Tiffany Tran
Stop renew rental license
Does anyone know if we still have to pay $50 a year to renew a rental license in Philadelphia if the property is vacant or not renting it out? I was told by the lady at the license & inspection that I have t...
Nick Jensen
Understanding TransUnion SmartMove reports
We just used SmartMove for two potential tenants who would be sharing the house we're renting. This is our first time screening tenants. The process was very easy and the applicants were able to complete the process w...
Tiancai Huang
Build a multifamily property in single family neighborhood
I am interested in buying a single family property. i am thinking to tear it down and build a 3 story multifamily. the lot size and zoning code are allowed for this conversion. the problem is all the property in same ...
Frank Fiore Jr
Property Value for Cap Rate
Cap Rate is basically determining your return if you paid all cash for the property. Correct?
My question is how do you determine Property Price, is this the final "sale price" or do you include repairs, clos...
Kathy Yingling
PPM Review - Real Estate Attorneys ONLY - NW Atlanta
Good morning,
Does anyone know of a reputable, competent real estate attorney (specialists only) in the NW Atlanta area who will not charge an exorbitant fee to review a Private Placement Memorandum for a multi-famil...
Lee Lawson
"resident score" vs "credit score"
Please give me your thoughts on "resident score" vs "credit score". I have previously used credit score ( must be over 700) but now see that some verification services use the resident score without giving the actual ...
Tommy Sowell
1031 exchange can I rent ou a couple of rooms
Can I rent out a couple of room of my house and do 1031exchange after 3 years
Jeff Christman
Mileage deduction on fix and flip
Question 1: I completed my first FLIP a couple months ago. I kept track of all my mileage assuming this was a deductible expense. I'm not sure I did it correctly vs the IRS though. On days that I went to the pro...