Robert Shadley
Section 8 Question
Hi all,I just purchased a duplex that is fully occupied and the tenant in the lower unit is a Section 8 tenant. Before closing on the property, the previous landlord showed me the rents and she received $425 from the...
Keegan Schaub
Need Help Finding Land Value for Cost Segregation, Tucson AZ
Hi, I have a home I just acquired and my accountant and I are having trouble finding an accurate 'land value' assessment for a cost segregation report. The county assessor has it as $502 but says that is a placeholder...
Andrew Jessup
Can I Restructure to an LLC Owned by Family Trust
I have a former primary residence I want to convert into a rental. We would like to have the property to an LLC for liability purposes and then have the LLC owned by our Family Trust for Estate Planning purposes. Howe...
Michael Plaks
5-yr depreciation - for tax geeks
On a different thread, I was challenged by my usual sparring partner @Eamonn McElroy. Our purely theoretical disagreement was over a $100k excavator to be used in a rental business, which I'd call a stretch to even co...
Maximillian Engram
Pros and Cons of being a Real estate agent and an investor?
Good afternoon,What are the pros and cons of being an individual that invest in real estate properties and also a licensed realtor?I know I don't have to be a realtor to invest in real estate but I just wanted to get ...
Matt Lord
PA Tax Sale and title insurance
Planning to look at a property in a town where I have other rentals. Long story short, the current owner recently purchased this property at a tax sale 2 months ago. Seller claims it’s a clean title, a new title searc...
Carla M Richardson
Wholesaling deals that makes since
Hello all: I'm relatively new to real estate and am currently doing wholesaling. I already have a potential seller and I'm already confused about what to do next:1. What is the best way to figure the ARV? Or is this e...
Rick Stanton
Denied insurance claim
Purchased 8 plex that was vacant. Put insurance on it and started painting in some units and showing units. Within a week we had a major snow storm and water line froze and broke. Insurance company denied claim due...
Adam Lawrence
Loan on personal property
I’ve got two goals for the next 12 months. One is to buy a multi family property, 5 or more units. My other goal is to buy a home. I’be got 5 kids and 3 bedrooms so I’ve got to get a bigger house.My understanding is t...
Account Closed
Contractors, Subs and pricing breakdowns?
What do you guys do when your contractors or subs up their prices per hour or per job for an exactly same type of work. As we move markets from NWI to some various suburbs of Chicago I am just wondering what differenc...