Kirk R.
EIDL loan $1,400. way to legitimately take money?
About April 2nd I put in for EIDL loan.
Yesterday I got approved for $1,400.
Apri 2nd I thought some of my renters wouldn't make rent. all of them did.
So obviously I want the $1,400 which I think is forgivable...
Jeff Cliff
No drawings available for property
Hi,
I am in an escrow for a property requiring major fixer-upper work. The property has a lot of unpermitted additions and alterations which would need to be corrected. I checked with the city but doesn't seem the ci...
Ibrahim Hughes
How Reliable Are Flood Elevation Certificates (For Flood Zones)?
Hi everyone. We're looking at a property we're thinking about buying that is located in a Flood Hazard area (as designated by FEMA). However the owner of the house next door was able to get a flood elevation certif...
Jack Slattery
LLC Question
A friend of mine has an LLC that he has never filed a tax return on. Is that legal?
Lucinda Hamre
Sell or Refinance a Commercial Building?
We bought a commercial property (4200 ft2 home facility that is a handicapped-accessible 8 BR, 2 bath home, with 2 additional ensuite units that have dedicated bathrooms) that required significant work. As newbies, we...
David Matsunaga
3-flat deconversion 450k rehab
Currently have a 3-flat in Roscoe Village under contract that we’re looking to convert to a single-family home. Architect said average for this kind of job would be around 450k. We’ve budgeted a safe amount for the pr...
Armand Farr
Newbie question on making offers
Hey guys,I'm gearing up for my first deal and had a question regarding when you actually make offers/do the final analysis on a property when touring:I know you set up a time to walk the property with your motivated s...
Sean Gover
Should I keep or sell my rental?
I have a 3 bedroom townhouse worth approximately 115-120k. I owe about 90K with 20 years left on the mortgage.My total mortgage payment is $725/month. Includes taxes and insurance.HOA is $110/month. Covers water an...
John Paul Schreiner
Conventional vs. Commercial Loan
My father-in-law and I own a duplex rental property that we have a commercial loan on with our LLC. We are pretty green with understanding all the in's and out's of rental properties, but we are educating ourselves. W...
Jeffrey Mason
Tax consequences of notes in LLC
Hi,This is a tax question about notes. I guess what I did is put money into a hedge fund that buys real estate notes. I invested using money in an LLC that is taxed as a partnership (form 1065). So far I have been ...