Lucas Milburn
I am looking to better understand how self directed IRA works
I currently own 3 STR properties and am currently applying for a HELOC against one that I own outright. In addition I have heard a couple podcast on BP referencing self directed IRA’s. As I look to grow and purchase m...
Brie Schmidt
Illinois / Chicago Landlords - Call to action
HB2775 (Rep. Ford, D – 8th, Chicago/ Sen. Villivalam D – 8th, Chicago) is a MANDATE on property owners and is being considered by the SENATE as soon as this week. The bill essentially MANDATES all rental housing provi...
Cary P.
1031 Xchg: What if we cannot execute? (Depreciation Recapture)
Hey guys, as we all know, this is a crazy real estate market right now. My husband and I are selling a multi-unit and we are trying to figure out what happens if we cannot execute on an exchange.. Is my math right?...
Matt Ferch
Earnest money: how does it work if you’re making a lot of offers?
Hello, newbie question here — if you are using a strategy of making numerous offers knowing that maybe only one or two will be accepted, how do you approach earnest money? Are you still proving earnest money with eac...
Rachel E. Krawcyk
When to share the lease? After prospect applies or before?
I have someone interested in renting my property who keeps asking if I'm a property management company or the owner, after asking if I want to sell (no) and then asking about a short term lease. After explaining the ...
Victor Olvera
switching VA home loan to another conventional loan
So I'm planning to buy a small multifamily property (2-4 units) with my VA home loan to start out my real estate investing. but later on, when I move, I will want to use that VA loan again because you can only use it ...
Daniel Murphy
Cost seg & STR loophole from a financial planners perspective
Hey all, I did a cost seg study on my short term rental for the 2022 tax year. I'm a financial planner by profession & really wanted to understand the nuances behind this topic more. I love comparing the hype vs r...
Dennis O'Loughlin
Taxes and Refinancing with BRRR
2 questions about BRRR. When you use the BRRR method, since you are not doing upgrades but rather repairs, you can either deduct or depreciate all the work you do or hire out right?Second question. After you Rent an...
Nathan Love
Removing textured walls
Hello everyone, I had just purchased a house I plan to live in for a bit while I flip. Back when looking at it, I knew the bedroom walls were textured but not that the thing is mine and I've been in it daily for the...
Chris Bellomo
Counter Offer Accepted, then Rejected?!
I need advice. I made a best and final offer, along with 8 others, on a duplex in my local LA neighborhood. My offer was for $911,000 but a few hours after submitting, after a discussion with my agent, I increased my ...