Soo Y.
Playbook for Foreclosure with Owner Holding Over in House
A couple of questions for those who dabble in sheriff sales and foreclosures:1. What is your playbook when the existing owner still lives in the house after you win at auction?2. If you do cash for keys, how much do y...
Randall Re II
Why going through a scope of work is important in real estate
A scope of work is a document that outlines the specific tasks, deliverables, and milestones that are involved in a project. In the context of real estate, a scope of work might be used to define the terms of a renova...
Owen Dashner
Hoarder House Homerun Deal
Investment Info:
Townhouse wholesale investment.
Purchase price: $85,000
Cash invested: $4,500
Sale price: $130,000
Barbies, hoarding, Covid scares, mold, Resident Evil references - this story...
Joseph Pochinskas
First Rental Property
Good Morning, I am looking to purchase my first multiunit property in Chicago. It is very difficult finding a 3+ unit multiplex where the the tentants cover all the rent and I live for free. Is it okay to buy a 2 unit...
Rick S.
New multifamily opp in Arizon
Real estate syndication in Arizona
1.4x Equity Multiple
19% IRR
20% Annual Return (Simple)
2 Year Hold
80-100% Bonus Depreciation
Can I get a critique of this investment opp?
Ben C.
Two member LLC vs single member LLC?
was told that a two member LLC is more favorable for flipping activities for two reasons:
1) much less likely to be audited vs a single member llc
2) much more difficult to pierce the corporate veil compared to a s...
Adam Gagne
Sales Tax not Contractor's Bid, but requested at end of job
Hello,I've received a few bids from Contractors to rehab a property, and most do not include sales tax. How is sales tax usually handled with General Contractors?The reason I ask, is that I was about to choose one Co...
Ana Hyler
real estate is fading quickly as a path to wealth?
What do you think of this article on yahoo finance today?
http://finance.yahoo.com/real-estate/article/106238/The-Future-for-Home-Prices
Even after brutal lessons about real estate's risks, many feel it's their best s...
Bobby Larsen
What has caused 10-20% rent growth and will it last?
I don't think I've been this cautious in a long time. I think there are still good opportunities but some markets are just bonkers. I'll caveat this by saying it's not just real estate, all investable asset classes se...
Kate McClinton
Looking for a Second Opinion from Tax Pros
I'm second guessing some answers my CPA gave me recently and wanted to run the following questions by others who specialize in real estate accounting. Thanks so much for your time!We purchased a house, listed it for ...