I am new to being a landlord, and I just purchased a 3/3 double, which has a one car garage with a driveway that could potentially park a few more cars, but then it will block the car in front of  it. There are some o...

What exactly are the tax benefits from buying a rental property? How much money should I expect in tax benefits/tax refund from my investment property? Is it a percentage of the interest rate paid? Are there any other...

Hi guys, was wondering if there are any issues switching over a primary residence to a rental. I currently own a place and am looking to switch it over to rental, and buy a new primary. Does this void the mortgage?...

Hi, I seem to be in a tricky place. I'm looking to buy a fixer home. I plan on selling my present home and have several potential buyers and I inherited a decent amount of cash in a sort of trust to make a long story ...

I bought a house recently as a rental property. I used the realtor to find a tenant in order to fill quickly. The agreement was 84% of the 1st month rent was to go to the agent ($1600 month/rent, $1344 to realtor). Th...

I am very grateful and thankful to a parent who recently passed away and left us with an owned condo (no mortgage) .  My question is renovate and rent, or sell.  Not a real estate professional for tax purposes, but cu...

Hello,I am selling my 3 unit building for 450k. I cannot get a bank loan. To my understanding (I trust someone will correct me if I am wrong) if I want to buy a bigger multi it needs to have a purchase price of 450k o...

I wrote this blog post the other day and thought I'd share it here to share as well! Have you heard stats such as “80% of millionaires attribute their wealth to real estate”? Or heard stories of living the good life o...

Hi all,I was analyzing some properties in NWI. The question I was trying to answer is what's the property tax rate for the region (Lake county). Here are 5 properties from Merrillville. You can see that the tax rate v...

I love maxing out our tax-advantaged accounts (my 401k at work and Roth IRAs for my wife and myself).  Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just go...