Max Shepherdson
what is the correct way to purchase?
Hi guys and girls!Awesome site you have going here! im a 30yo Australian living in canada looking to do some buy reno and flip or buy reno and hold strategies in the US market.Im completely new to this but before i st...
Bob Taurence
Exempt from Depreciation Recovery
I was told by a CPA that my 15 year residential rental property will not be subject to 'recovery' since it was bot 2/08/84. It is fully depreciated. He said entire gain will be taxed at 15% cap gain rate. Is this ...
Craig Henry II
First Property and what now?
I am currently a real estate agent living and working in Houston, Texas. I have been doing it for about 2 years. Also, about 2 years ago I purchased a condo in a building in Midtown. When the area was completely unp...
Jessie Griffin
Transferring Deed to Business After Purchase
Howdy - We just purchased our first short-term rental that is in mine and my wife's names. We will be collecting tax and reporting it each month. We want to run everything through our business and found out the govern...
Erika Noonan
Commercial Property 1 million, what worked for you?
Hello! Please let me know what has worked for you and what your great ideas are. We own a home with some accessible equity immediately (maybe 75K), have a decent amount in 401ks. Looking at a commercial property for...
Darnell Robinson
Foreclosure Deal
Just spotted a foreclosure at 170,000 in a neighborhood where the comps are 220 to 250, sent the realtor this : "Hey Joseph, Darnell Robinson here, I'm a new Real Estate Investor just getting into this game so if yo...
Dave P.
Seeking feedback about how to create proposal to a private lender
As I have grown in my REI journey, I have been able to join a Massachusetts based group of 55+ real estate investors of varying backgrounds. Recently I sent a thoughtful email to the group about my desire to build a l...
Kathy Patterson
Question for CPA about using IRA
I am interested to know how using a tax-deferred retirement account to purchase a rental would affect my ability to use depreciation. On the surface, it seems that you would not be able to depreciate an asset in a t...
Almaz Hayet
Identifying properties in a 1031 exchange
Is it worth your while to identify more than 3 properties in a 1031 exchange? And what would be a good reason to do that. In my situation I need to buy a $440K property(ies), and should I look for 2 properties at $22...
Donnie M.
Foreclosures just sitting and not for sale...
Is there any way to buy these types of foreclosures if they are not listed anywhere?There are two foreclosures near my personal home that have been foreclosures and vacant for over about a year and a half (AL right of...