Cal C.
Sometimes Zillow is woefully inaccurate
I recently purchased a rental for under $35K. I'm just now starting to rehab it. I'll likely put about $15K into it and rent it for $750. Anyway, I was looking at it on Zillow yesterday and the zestimate was for ov...
Kyle Storms
Purchase Agreement & Assignment of Contract Forms
Hello everyone -
Can someone tell me where I can find a purchase agreement and assignment of contract forms for the state of Indiana? I am planning on using the assignment of contract method (vs. double-clos...
Jeff Tumbarello
IRS Taxstats 2009
The 2009 summary of US income and taxation
http://www.irs.gov/pub/irs-soi/09in11si.xls
To balance just one year's Federal budget, everybody's income tax would have to AVERAGE 50% to just break even with spending. T...
Arjun K.
Tax accounting with Property Management Firm
I have a property manager. The property manager will handle repairs automatically that cost less than $250. He nets these repairs out of the rent I receive. he provides a statement that shows the rent received, the...
Nate Smoyer
Settle a debate: what is a rent roll?
A friend and I have different definitions as to exactly what a rent roll is. How do you define rent roll and what info do you include?I'd love to know what y'all all think. I've seen varying forms being labeled as a r...
Thomas Ingrao
Multi-Family Property With 7.8% CAP
Hey guys! I recently stumbled across quite the property in my area. It is a multi family apartment complex in small town New York. I desperately want to get involved on the property but have nothing near the funding n...
Danial Cousino
REITs as a starting point
I’m new to investing so I’ve spent a lot of time trying to learn how to have consistent growth to support my retirement one day in the distant future. I can’t afford to invest in actual Real Estate so I thought what a...
Eric Schrader
Utilities included in the rent
So I have been looking at a 6-plex for purchase. It has 5 of the 6 units rented. Couple of questions, do i include the empty unit's rent in the GIS calculation? How do i address the heat & water included in the ...
Katrina Cabral
Can I sell my rental and use the proceeds to 'build' my 1031
Can I sell my property in Atlanta to build a rental unit on my existing property? And would it qualify for a 1031 exchange?
Ian McKay
How much for emergencies per door/property in cash reserves?
How much money should you set aside per door / single family property for emergencies such as covering the mortgage due to vacancy? That's my primary concern with brrrr or any property I don't own outright. 20% or les...