Arjun S.
IRS Section 121 tax question upon sale
I purchased my single-family home in 2018 when I was single. From the beginning, I rented out 3 of the 4 rooms while living in the remaining room. In June 2022, I got married and my wife moved in, and around that same...
Yosef Sara
Need Advice: Contractor Dispute Delaying Project Completion in River forest
Hi everyone,
I’m looking for advice from anyone who’s faced a similar situation or has experience in this field. Nearly two years ago, I purchased a single-family home in River Forest, USA, which required extensive...
Chris Moyer
Advice on Forming a Partnership
Hello everyone. I want to get started in real estate investing and trying to narrow down my options for the best way to get money. I am looking into finding a partner and forming a partnership with him/her. Ideally th...
Account Closed
Security Deposits. How Much to Charge for Repairs in Florida?
When a lease ends, the rental property will need to be cleaned and any repairs fixed. Once a landlord has decided to charge the tenant’s security deposit you will next need to decide, how much to charge for repairs?We...
Account Closed
Converting Primary Residence into Rental
Hello,
My husband and I have wanted to invest in real estate for years now and recently made the decision to purchase a new home while converting our primary residence into a rental. Since we are both 100% disabled v...
Miguel Rojas
Real Estate Investing
19 Yr old interested in building a rental portfolio. I currently live in section 8 with my mother. Due to living in section 8 theirs income limits that we must follow. I was thinking buying a couple rentals under a (C...
David Rawls
Commission or lower sales price?
Hello,I'm a Licensee and I invest in RE with my business partner. When we buy MLS properties; Would it benefit us more to take the commission or should I decline the commission for the sake of lowering the purchase pr...
Bernard Macon Jr
Line of Credit on Farmland
My brother and I own 40 acres of farmland. 50/50 split. I was wondering how does that work if I wanted to use the 50% I own to get a line of credit on it to purchase rental property?
Victor So
How much of rent to set aside for maintenance/ repair costs?
Hello BP!
I'm about to house hack my condo by renting out one of my rooms. After collecting rent, how much of it do you set aside for future maintenance and repair costs such as cap ex and how much of it do you keep...
Richard Ieng
Squatters eviction process
If I want to buy a property with squatters living one the property in California, how much this may cost to take them to court?