Junon Celestin
Need advice on my next step
Hello everyone I need some advice. I have two properties that I purchase for 5,000 from a friend, he couldn't pay the taxes. Taxes total up to 7,000 and repairs are about 8,000. I currently live in one house hacking...
Christopher Lennon
Should I Sell keep or rent
Hi everyone,
I was able to buy a home last year in Charlotte nc for around 223k off the statesville rd area. The home is in a great location about 7 minutes from uptown and NODA. I’m looking to sell ASAP and hoping t...
Jeff Mitchell
Deprecation never taken and can't claim rental losses
Hello,
I am asking this question for a co-worker. He bought a rental property 15 years ago and has never taken depreciation on that property. Not clear on the reason for not taking it, I think he just had a bad accou...
Lane Kawaoka
Cosh out Refi Strategy for 1031 exchange
I have a 450k property that has 150k of equity after sales commissions. I want to use this to buy 2-4 rentals at 70k a piece. Could I buy 2 rentals cash (140k total) with a 1031 exchange and then doing a cash out...
Kevin Jorgensen
Options, options, options
For those that have seen my posts before. I've yet to come to a decision on my first REI. As a review:I live in Beaverton, OR in an 'A' neighborhood. But my current home is feeling a little small for my growing family...
Mark Key
Black Gold
USA vs Iran thats whats next world war 3 many people dont know the big secret ! That sadam husan had a beef with the us and britan for bombing him a while back so what he thought of was to buy oil in euros and thats w...
Jake Kozul
Time to Leverage....
I currently have 13 properties, 12 free and clear (all rented). I am looking to leverage these for a flip and to for other buy and hold opportunities I have in markets within an hour of where I live. What lending inst...
Anthony Barbato
New tenant would like early access, how to proceed?
I have a new tenant that will be moving into a now vacant unit on July 1. She asked if she could have access to the unit during the week prior to the 1st to move large furniture and other items. While I will not give ...
David J.
I feel like I am in a rut. Interested in hearing feedback.
Hi I am new here. I came looking for some advice. (hopefully this is the right forum for advice)I feel like I am in a rut and do not know how through break through. I want to have many properties and have lots of pass...
Minna Reid
In over my head!!!?
Ok so we all thought about REI way too long before taking action right? So I'm in action...but actual action is a full time job in itself..lol..that was a fact I should have anticipated, right? Anyway, I'm real busy w...