Terry N.
Sell or keep out of state rentals? MI and NC. THanks!
I own two rentals, one in Grand Rapids, MI and one in Raleigh, NC, but live in NY. The GR home is a 1920's home valued at approx. $130k, I owe $100K. Lease is $1,100 a month. I make about $100 a month. Lease exp...
Dave P.
Experts, care to make a wager?
I have just started the negotiating of a short sale. The purpose of this post is to hear from the experts the likelihood of success for this deal. My headline may look a touch confrontational, but it's not at all. I j...
Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Tyler D.
How is Chicago doing?
I'm planning to buy a fourplex for the long term (30+ years) and after researching a lot of places, found Chicago to be a potential candidate. I wanted to know from people who know the city how it's doing.
Chicago ...
Marcus Auerbach
6.8% Inflation - where is this going?
For the longest time people have predicting inflation, now we are at 6.8% in November after I thing 6.2% in October. The FED said this is going to be short term, but I have a feeling it's going to stay with us and lea...