Tim Hoffman
Should I convert my traditional IRA into a Roth?
I used to have a "Real" job and contributed to my 401k as much as I could. When I quit and went into RE full time, I rolled over into a self directed IRA, NOT a Roth. (This was done to keep my income low as I contin...
Aaron Gordy
Is rent control in other cities good for Austin Texas?
In today's wall street journal, there is an article about rent control proposals in other places like the the typical spots in California, New York City and now Portland, Seattle, and others. I think that anyone with...
Daniel Foster
Long Term Capital Gain vs Normal Income Tax
Below is a question I have asked my accountant, but haven't really been able to get an answer that I can comprehend. Generally I am trying to understand whether it makes sense to capture renovation costs at the sale ...
Gaurav Mehta
Tax Deductions for Investment Property not yet rented
Hi,I bought an investment property in July 2019 (all cash purchase). Took me some time to remodel it. Had to fix everything. Spent $12.5K on roof (did through a roof company) and then around $55K on everything else (w...
Kelli Gaul
Rent Increase & Security Deposit on Inherited Tenants
Hi all! I wanted to get some opinions on our situation to see what others would do.We acquired a duplex in Queens, NYC in the beginning of April with inherited tenants in one unit. The other unit is vacant and we'll b...
Dan Galvan
Advice on Multi-Family Property Opportunity
This ad is for a property that I'm familiar with regarding location/address.Ad: Older 4 plex, approx 5000sqft, needs updating, selling as is. Selling due to health issues. Asking $259,000 negotiable. Email for details...
Ind Kon
My Flip is NOT Selling! - Help!
I wanted to post this to see if anybody gave me some ideas on what to do to overcome this challenge.So I bought a house from a wholesaler that needed rehab last Feb, I went through the whole full rehab, the rehab was ...
Elizabeth Beard
Paying for a GC for a flip
I just bought my first fixer upper to flip and now I’m trying to find a GC. I’ve been calling around to leads I’ve found. One asked me today how we planned to pay him. I always assumed a cost plus model but he said th...
Ashley Wolfe
Looking for deal analysis on 1987 MH, mkt 15,300, asking 17K
The deal:1987 Oak Creek 3/2, ~1300 sf double wide. Market value is $15,300, seller asking $17K as her lowest cash price. Purchased six years ago for $26K. She claims it is very well kept, six year old roof, everyth...
Patty Nelson
Investment Specialist
I am wondering if anyone can tell me the role of an "Investment Specialist" in buying / renovating/ selling...Are they usually involved in the remodeling process?