Steve L.
Option Agreement, Vacant Land, Pre-Paid Expenses
I have some funds in a couple different 1031 exchanges. I have a piece of land under option, that I have been working with the City on a lot split and plans for construction of SFHs. Let's say my purchase price is 4...
Philip Williams
Finally paid myself over 1,000 an hour!
So back in 2015 I read a great article by @Brandon Turner it was entitled Want to make 1,000 an hour or more. Here is a link if you want to check it out https://www.entrepreneur.com/article/245311 at the time I was a ...
Kenneth C.
High Utility Usage by Tenant (Landlord Paid)
BP:I'm about 4 months in to owning my first two SFH's with carryover tenants. Thus far, we have had a great working relationship. I purposely staggered the leases to expire 2 months apart, and I made them shorter so t...
Sophie Lavet
Being paid out on off market deal
Hi everyoneI am new to real estate and I recently was hired by a real estate investment firm part time unpaid to help them find off market multi-unit properties. If I was to find them a property and the deal was to go...
Alex Locklear
Getting paid fee as a lien holder?
I currently have a home under option contract for 2 months. I have it under option for 212K and marketing it for sale at 220K. I know it's not a big deal, but I'm just looking to get my first deal done.
...
Ryan M.
Fannie Mae & seller paid closing costs
I've submitted an offer on a Fannie Mae (FM) owned property and I had requested seller to pay 2% of the closing costs. FM is countering and my broker is telling me that FM does not allow seller paid closing costs ...
Bruce L.
Will Loan Officers See Paid Off Properties?
I have a house paid free and clear and I'm thinking about buying a smaller house to live in with a loan and rent out my big house. Does anyone know if I will get questioned as to why I'm buying a smaller home?
Wil...
Andy Webb
Roof replaced, but insurance paid - tax benefits?
If I just replaced a roof for hail damage and insurance paid the full amount (they did not, there was a deductible) - does that negate the depreciable aspect of the capex? Does the cost have to be out of my pocket...
Ryan Mackfee
Borrowing money on a paid off property
Well I am looking to buy another rental unit and need about another 25k to do a total cash deal. So my question is what would be the most benifical way to get cash out of a rental unit that is already paid for?
Tony C.
Pullling money out of fully paid property
I'm looking to pull money out of a mortgage-less property and use the money for other real estate investments. What's the most cost effective and tax beneficial way to do this? How should I classify this property (pri...