Jenny Scott
Is this a valid alternative for my vacation cabin?
I have a vacation cabin in mountains that our family used to go pretty often for summer break, vacations and holidays. But now we go there less and less often, we are thinking about if there is any way to use it to br...
Dorian Gray
Converting 1031 property into a primary residence
I’m considering getting out of real estate investing. The thought came to mind of selling my properties (4) and getting a single family residence, renting that out for a couple years and then moving into it, convertin...
Jeff M.
Unbelievable tax rates are killing my cash flow. Hold or sell?
Hi. I would like your advice on one of my three rental properties.I purchased this SFH in Cook County, IL., in 2018. I paid 168,000 and put 25% down. Over the past three years, I have raised rent to 2,300 (It's Sectio...
Brian F.
Landlord Entering Apartment
I need some advice. My wife and I are both disabled and I lost my source of income. I was not able to pay my rent and my landlord said she would release us from our lease and had another tenant ready , which we agreed...
Jack T.
Chicago area investing - property taxes too high?
Just curious about the folks that invest in Illinois properties. I'm from CA and have been investing in Nashville SFHs, but would like to start invest in the Chicago area, since I have roots there and many connections...
Max Reznik
Is it realistic to expect $1,000 clean cash flow from 4-unit?
It's somewhat of a "it depends" answer to this question which is why I'm providing more details below, but I would like to know if it is realistic to expect at least $1,000 clean cash flow from a four-unit apartment b...
Mary Jay
How do rich pay zero taxes legally?
Hi guys,So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.The same LLC went and bought a rental house for 100K...
Carl Jung
Inheriting Two Commercial Properties - Sell Both or Keep One?
Hi,Via a trust, I was given a choice to retain or sell two commercial properties one in Vancouver WA (multi tenant retail + freestanding bank building) and the other in Hillsboro OR (multi-tenant flex industrial).Give...
Trevor Smith
Exit Strategy Help! First rehab has gone wrong...
Hey guys,Well, I am still awake because of this dang flip I'm trying to wrap up. I can't sleep. I am cutting this super close. I could explain what I think went wrong, how I came to do this deal, etc. But that is not ...
Jack Henry
So what all really goes into rehabbing a water damaged house???
Hi All - So I have two rental houses in Houston. My property manager called yesterday and told me that two of my houses were under water. One had about 18" of water in it and the other had 48" in it. My insurance agen...