Charlotte Casey
Questions on legally adding Square Footage/Code in Seattle?
Hi, I would so appreciate some insight:If you add a window that opens to a room that already has a closet and can fit a bed (but was never counted as a bedroom) can you then count that as a bedroom and change the hous...
Matt Cloutier
1099 Business Partner
Hi- I own an SFR investment property that a family member helped me rehab. I own the property in my name. Question - can I 1099 my family member for helping me rehab the property and increase my cost basis and reduc...
Navin Kumar
Freddie Mac / Fannie Mae guidelines for flip properties
Folks,Can you please advise what are the latest rules for a buyer while considering a property that is being flipped by the seller ? If there any 90 or 180 day rule that prevents the sale of a flipped home to a buyer ...
Wyatt Seidel
New Agent Introduction and Question of the Day
Happy Sunday everyone. My name is Wyatt Seidel and I’m a new agent in the Kansas City area. My wife and I also own 3 LTR (a duplex and a single family home). I’ve always had a huge love for real estate and left my nur...
Bill Dotson
2% rule for Chicagoland area
I know about the 2% rule, but does anyone have experience in the Chicagoland area? Specifically McHenry, Cook or Kane county Illinois? Does the 2% rule apply in these areas or is 1-1.5% more realistic?
Mike Auguste
The Augusta Rule - Tax Free Rental Income
What is the Augusta Rule?
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax re...
Josselyn Palma
Can I qualify for an FHA Loan if I already have a conventional loan?
Hello. I am ready to buy another property and I thought I would qualify for an FHA Loan since I have a property under a conventional loan that I am renting out to my tenants, but people are telling me I do not qualify...
Adam Hollandsworth
Can I start with 20k yearly?
My annual income is 20k yearly. And I have decent credit. How would I begin to build a rental property empire? I have around <10k or more saved. should I continue to save until I can afford or jump into it?
Bill Wills
1031 exchange rental property for RV.
I have a condo that is a rental I would sell if I were allowed a 1031 Exchange for building my retirement RV.Anyone know if this might possibly be allowed?
Wade G
Selling a property/rent collected
When selling a rental property, is it usual/customary to reimburse the buyer the portion of the rent for the rest of the month after closing? For instance, if closing were held today, 2/16, would I need to reimburse b...