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Fixer-uppers - The Right Way
Years ago an investor friend taught me the right way to approach fixer-uppers. I watched others just buy a house for what they thought was a good deal, without a plan. My friend pointed out the flaws in that approach....
Jeremy H.
Calculating the "Cleaning Fee"
How do you personally calculate the cleaning fees?I've been running into this lately in my STR analysis. I have talked to PMs in the area and am told the "cleaning fee is a pass through cost" - I understand that the g...
Todd Ashley
Buying a Building and Retail Business (Liquor)
Hi all, I am considering purchasing an off-market commercial building in a small tourist town. I am trying to gather as much information and guidance as possible, and appreciate any input that you can provide! The bui...
Elliot B.
Help with Short Sale / BRRRR Analysis. Lender needed, refi needed
Hi all -I'm evaluating a short sale with the intention to BRRRR it. I'm currently "house hacking" a 4-plex. This would be my first short sale and BRRRR. I could use some help checking my numbers / plan...Property deta...
Christian Cody
Finding loans with a 1099
My fiance and I are looking to acquire our first REI. We are looking to do a house hack to get started in investing. The main problem we are facing is financing. We have the money for a down payment and the basic item...
Account Closed
I've done a rental analysis and have a question about the NOI
I've done a rental analysis on a potential rental property where I'd be charging $4200/month and the monthly expenses have come to $3635(Mortgage, tax, insurance, vacancy, cap ex, maintenance, Manage, HOA). The report...
Brian Hunsaker
Wondering how to minimize taxes owed to IRS from rental properties
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
Matt Doubell
Best way to find accurate comps
Hi currently I'm working on starting my real estate journey and and I am extremely interested in doing BRRRR deals. I have a large background in rehabbing both as a contractor and now an engineering working with contr...
Joe Pitrolo
Tax Questions Notes, L/O
If you sell a mobile home on a note, let's say you have $3k in the property and you collect $1k down and a not for $6,500, sales price is $7.500, do you pay the complete sales tax immediately or wait till the note is ...
Jeff Parrot
New Pocket Community Development
Greetings!
I wish to develop a small 'pocket community' of roughly 30-35 cottage homes between 1,200-1,500 sqft.
I am not a developer, but I do have some experience in residential site development and home construct...