Brickford L Faucette
Subject To w/ Owner Financing and ARM
First time poster and would like some advice on the best way to structure the following deal. I’ve researched what I can but feel like there are some variables here that aren’t really covered. This would be my first c...
Saika Maeda
Buyer Agent's commission and tax write off
Hi all,
I'm about to place an offer on a property with an ADU, which we plan to rent it out.
I understand that if I rent this ADU out, then I can have a tax write off on the mortgage payment and insurance payment ...
Mark Jones
Deductible interest after a cash-out refi
I need some help understanding what interest I can/can’t deduct on schedule E.I did a cash-out refi on the duplex I live in back in August. That refi also paid off a heloc I had on the property. 75% of that heloc had ...
Michelle Costello
Selling two family, capital gains advice and multiple properties
I am selling my two family home in Boston, MA. I will make about 200k off this sale. I lived in the home for 5 years and rented the second half out. Am I entitled to exemption on the whole property? If not, can I use ...
Brenna Ellison
Horizontal Foundation Cracks Found After Closing
Hi All,I'm a first time home buyer and closed on a single-family home (a recent flip) about 5 weeks ago. A couple of days ago, I noticed horizontal cracks in the unfinished portion of the basement (the rest is finishe...
Jacob Stevenson
Purchase ideas on portfolio
I'm discussing the purchase of eight properties with a retired owner. He sold a couple of his last year and one of his biggest concerns is not paying more taxes. He also wants around 180 k to pay off existing debt an...
Chris Lynn
Sec 121 + 1031 + Sec 121 + 1031 = Say What Now? Can we do this?
Four years ago we got lucky and were able to buy the 2-unit building we'd rented in for the previous 18 years. One unit was vacant and we fixed it up with the intent to AirBnB it. Just as it was finished, my mom was f...
John Smith
Broker License With a Felony
I want to get a broker license in Illinois and I’ve completed the first two tests and the national portion of the AMP exam. I need to re-take the state portion. I was convicted of felony possession of marijuana in ear...
John Smith
Broker License With a Felony
I want to get a broker license in Illinois and I’ve completed the first two tests and the national portion of the AMP exam. I need to re-take the state portion. I was convicted of felony possession of marijuana in ear...
Yaniel Suarez
First Investment in Miami, FL.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Miami.
Purchase price: $529,000
Cash invested: $132,250
3/1 and 1/1 duplex in Miami, FL. Purchased with a 25% down payment...