Sam Leon
Dealing with city's permitting
I have recently purchased a duplex REO property which has a number of violations with city liens. I am in the process of clearing the violations and running into some issues in trying to be the "owner/builder" of the...
Scott Kennedy
Converting Primary Residence to Investment Property
Here is the situation. Two lenders are telling me different things. I own a primary residence and one investment property. I have a 3 year history on my tax returns of managing investment properties. The LTV on ne...
Account Closed
1 % Rule Help Please
I’m trying to figure out because I’m second guessing myself and over analyzing things. When it comes to the 1% rule do I run my numbers off the purchase price or what I own in the mortgage? For example. I purchase a p...
David Kim
Help understanding the details of a 1031 exchange
I am confused regarding the "greater or equal" aspect of the 1031 exchange. If I own a commercial property worth 1 million free and clear, can I 1031 exchange it to another commercial property worth 1 million but fina...
Dean Earls
A stupid question maybe regarding interest and compound interest.
Hey guys, I haven't been on here in a long time so apologize if I post this in the wrong place. Maybe silly question with the answer being fairly obvious i just wanted to confirm with people who are a bit more advers...
Tony Benacquista
Newbie (kinda) Looking to buy multifamily or build
Hi Everyone! My name is Tony Benny (Benacquista) I own and operate an egress window installation business. We are very busy with egress windows,But I recently started investing in real estate (and I love it). I hav...
Chris Ivy
File state taxes if net is a loss?
Hi all, I have an out-of-state rental in Oklahoma. It's net income is a loss due to high turnover costs, management fees, etc. If my net income (rents- expenses and mortgage) is below $0 do I still have to file in O...
Anthony Crawford
IS A CLOSING ATTORNEY NECESSARY?
MOST TIMES A CLOSING ATTORNEY REPRESENTS THE LENDER....IN THE WORLD OF REI A LOT OF CASH DEALS ARE BEING CLOSED....IS A CLOSING ATTORNEY NEEDED ON A CASH DEAL? NEWBIE HERE JUST WANTING TO MAKE AS FEW ERRORS AS POSSIBL...
Account Closed
CA Smoke Detectors & Carbon Monoxide Rules Applicable
i'm finding it hard to keep abreast of the most recent interpretation of the ongoing CO and smoke alarm rules as applicable to all units in CA, whether owner occupied, multifamily, mixed used, commercial, etc.my area ...
Curtis Mears
Can I Loan Money to Father in Law under Dodd Frank Rules
I had asked this before, but did not have the supporting links, so I am asking again with reference. My father in Law would like to burrow money so he can buy a new house. I would provide a bridge loan secured by the ...