Chris Sullens
What are Seller Obligations after entering in to contract?
I'm working on buying my first investment property. I'm in contract with a wholesaler, and we were supposed to do the inspection today. However, she can't seem to reach the owner and now we have had to cancel the insp...
Rafael Ortiz
About to start prop managing and need legal advice!
Morning! I am very excited, cz I recently had a great opportunity to start managing my friends/mentor portfolio (55 residential + 100 self storage doors). I own and manage a storage facility and 2 residential doors of...
Sean Elliott
limit to number of houses that can be sold
I am normally a buy a hold investor,but recently I have started expanding my skills into house flipping. My plan was to flip and sell 4 homes in 2017 spring/summer season. But I heard that since I am not licensed real...
Syed Ahmed
Ways of gauging potential rent?
Would appreciate advice on gauging potential rent for a property? Are ghost ads ethical? Single family home. I've seen comparable rentals but not close to my property. Appreciate your input
Yoni R.
Splitting up apartment laws
I have a deal on an apartment in Miami that is 1937sqf. It is currently a 2 bedroom. I want to make it into a 4 bedroom. Do I need to obtain a permit? What does the laws and regulations say about adding additional roo...
Matthew Defore
Furnace & AC blower unit
I have two properties with furnaces and AC outdoor blower units that are approx 20 years old. They are still performing at this time. Should I wait until they fail before replacing? Or should I replace them now befo...
Nash Mittelman
Boat or Camper for a second home?
My buddy told me he bought a camper and is able to write off the interest because it’s a “second home”…Which got me thinking…. Can I buy a sailboat as a second home, and write off the interest if it has a cabin? What ...
Matthew Paul
Appraiser wouldnt appraise house ...........Heres why
My best friend is getting a HELOC to buy an investment property . Self employed utility contractor . The heloc is on his personal house , 400K in equity . He had an appointment today at 3 pm . the appraised calls and...
Albert H.
Rehab or 1031 Exchange?
I have a rent control duplex that is about to be empty in both units and I’m trying to decide whether to rehab it and re-rent it or do a 1031 exchange. The duplex is almost 100 years old with lots of deferred maintena...
Jonathan Paz
Disposing 1031 Exchange Property Question
Hello, I am trying to get an idea for the tax consequences I would face by selling a property that I acquired via 1031 exchange. Here is the background:*I purchased Property A on Feb 2016 for $109K with cash, rented ...