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Hi Everyone - My question is in regards to tax returns. I'm interested to better understand if an option fee, for a property you successfully close on, is an expense, or somehow added to your basis and depreciated. ...
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I have an ad running on CL using their anonymous email reply system and after receiving multiple emails from the same interested people (seemingly ignoring my responses) I realized that my responses back to them ar...
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Hi all! Tackling a nearly 5,000+ square foot Victorian ... a gorgeous home with stunning woodwork, 7 beautiful oak and maple original mantles ... but also, a fire-damaged nightmare which I'd like to renovate for unde...
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I am tired of buying properties that basically need to be gutted. I am a landlord that has in the past bought SF properties like a rehabber would but instead of selling them I keep them as rentals. This is sort of a...
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ScenarioChicago: we buy 2 bed, 1 bath (900 square feet) in a decent neighborhood (Rogers Park) at $125,000 at $25,000 down (the 20% down is cash, the remaining is financed).We add a half bath to force equity and every...
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Hello,My name is Donnell Suares. I am an attorney and investor from Brooklyn, NY. I have purchase a 3 family investment property in Stuyvesant Heights, Brooklyn. All three units are newly renovated. I have listed ...
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I would love to hear different items you have added to a generic lease template that you think are important.
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Hi everyone. Several years back I bought a D, Wierman RE course that came with the oline lead finder or OLF. It basically searches craigs lists and auto-emails certain postings of houses for sale etc.
At any rate...
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Hi Friends,What are the pros and cons of having a rental house with a swimming pool? I know they don't necessarily add value to a house, but do they add value as a rental? Is the liability not worth it? Is the upke...
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I have a 2 BR, 2 BA, 1250 SF SFR, 7,000 SF lot in an A-class hood. My house is surrounded by 4+ BR, 2000+ SF homes. Market prices are ~$500/SF today. So, I'm thinking at some point in the future I may consider moving ...