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I've got friends trying to sell homes while they're upside down in their financing. My question is basic to most real estate, but I don't know the answer.
If they've got it listed with a realtor, can I walk in my fr...
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hi everyone, you guys are all just so helpful I have yet another question. How much do u put aside for repairs on each rental? We have enough money to cover the mortgage for several months on each rental. Still are n...
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Hello all, we recently received a new estimate from our GC on a flip property in San Antonio and the new estimate is about 50% higher than their initial one (the one prior to buying the home from the wholesaler to fli...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $252,858
Cash invested: $16,428
Sale price: $310,000
Project took 3 months (2wks work). House had a failed sept...
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Anyone have any experience with flipping a property that’s been severely fire damaged?Over the last few weeks I’ve come across several properties that have been through fires. One looked to be a hoarder SFH fire. Fire...
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So.. odd situation that I'm having trouble getting a solid answer to. Partner and I bought a MF property via LLC which now under contract. Partner does not want to go the 1031 route and is ok with the capital gains hi...
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I am looking for ways to decrease my expenses. I am considering increasing my deductible for my Landlord insurance on a duplex. Currently it is $1000. Is this about average for other landlords? What do other rental pr...
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I reached out to my accountant about doing a cost segregation study in order to utilized the accelerated depreciation, and he said that it’s usually very cost prohibitive and is hard to justify unless you have a very ...
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Several questions to CPA, lawyers or just those who might have better knowledge. For perspective, the property is located in San Diego, CA where I live also. 1. I was told and read that the property MUST be owned by t...
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