Troy Cole
Motivated Seller is READY! What do I do?
I have an owner occupant/ seller who is willing to carry a note on the property at $20,000. It's worth easily $40,000 fixed up though he pays taxes on $50,000. It needs about $5,000-$6,000 in rehab and will rent for $...
Andrew S.
Stupidest real estate question ever
I'm still looking for my first deal, but my agent said that "up here, nobody uses letters of intent for multifamily or student housing." So, If property X produces income Y and "needs nothing" and you offer XXX do...
Tim Koumoundouros
New Chicago Member - House Hacking and Multi Units
Hello fellow Chicago area investors,My name is Tim Koumoundouros. I've been a long time follower of Biggerpockets and wanted to introduce myself and start to contribute to this great community. Little bit about mys...
John Pettas
Latra Investments and Atlas Financial Legitimate or Scam?
So in my search for financing on three cash out refis or a possible HELOC in GA, and need for commercial funding in a multifamily deal in FL recently I have come across Latra Investments and Jeremy Richardson at Atlas...
Account Closed
Do I need to file a Partnership Tax Return if I am a co-owner?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Gary L Wallman
I have 2 houses under contract. Should I still close?
I have 2 SFH's under contract in Ohio, paying all cash. A 1000 square foot home in a B area and a 1900 square foot home in an A area so the cash is significant. Ohio just shut down the state with a "stay at home orde...
Anthony Green
Capital Gains tax evasion
Me and my wife have lived in our home for almost about a year and a half. We have gained quite a bit of equity in our home and are wanting to move into a larger home. We have found out that since we haven't lived th...
N/A N/A
Finding a tenant
Hello,
I just bought a house in the southwest suburbs of Chicago. 3 BD, 1.5 bath, immaculate. However, i've only gotten ONE call in about a month. Advertising in 2 papers, MLS, and on a rental house website. Is ther...
Rudy Curtler
Are you Interested or COMMITTED?
So, you're checking out BiggerPockets...that means you are at least 'interested' in learning more about real estate investing. But, are you really COMMITTED?Over the years I often talk to acquaintances who indicate t...
Jack B.
How far would you consider driving to manage you rentals?
Being in the Seattle area, the deals are all but gone since the market recovery. While I would love to move my portfolio and I to Florida someday due to the excellent price to rent ratios there, until that time I may ...