Tom Goans
Rich vs Wealth
Rich vs Wealth
As I have been taught, the difference between rich and wealth is rich people work for money; wealthy people have their money work for them.
To illustrate, some professional U.S. athletes ...
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DSCR Calculation in Multifamily with Upside
Hi everyone, I have heard a lot about DSCR loans, which sound promising for several reasons (feel free to give your opinion if you think otherwise). However, I'm wondering how to manage the disconnect between the comm...
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Seller not responding with 2 weeks until closing
Currently in the process of buying a home (or so I thought) and I just got the appraisal with two weeks until settlement. The appraisal was $10,000 less than the price we agreed on. Seller was also paying full closing...
Collin Hays
How much are ego and emotions involved in your your STR purchase?
I visited with someone yesterday about a terrific property in terms of ROI. The buyer lives in upstate NY and is looking for something in the Smokies. But the buyer said "that home just doesn't appeal to me...it's t...
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And We're Off! (Part 2 of the Breaking the Appraiser series)
And We’re Off! (Part 2 of The Breaking the Appraiser Series)
There is a Strategy
In the inaugural edition of the Breaking the Appraiser
series, a call went out to all real estate owners and syndicators. It was mad...
Michael Soriano
Help need bank to drop promissory note for short sale!
Hello Group,
I have a short sale that was approved, however the bank (via pmi) is asking the home owner to sign a promissory note of $50k. The negotiator told me that we have 2 choices either the seller signs the ...
Darrick Richardson
Which is more effective? Mail Marketing or Cold Calling?
Title pretty much says it all. I am just beginning. I have a list of properties I got from driving for $$ and have done the skip tracing. Are people generally receptive to phone calls from investors or should I sta...
Michael Nesteruk
Starting to get involved in Columbus!
I am both excited and nervous to be exploring real estate investing in Central Ohio and beyond.
Michael Zandona
Best Investment for Depreciation
What investment choices would you recommend to offset W2 income taxes? Let’s say we’re shooting for $50k tax saving per year. My wife is a real estate professional (we can deduct real estate depreciation) so a proper...
Kshitiz Srivastava
Taxes on sale of investment property with suspended losses
I am a newbie passive investor and trying to understand tax implications of selling a rental property which has passive suspended losses. I don't have a primary residence (i myself live is an apartment), and recently ...