Todd Powell
Question: Can you take two different LLC names and do 1031?
Here are the specifics. I have ownership with my wife and older son and his wife, all 25% each as members in two different properties. One is a 5 plex, Powell Properties Milton St, LLC and another 8 plex, Powell Prope...
James De Silva
Wayne county property tax
Hi all,I've recently purchased a property in Wayne county (not the city of Detroit) where the sale price was $77,000. The property has an assessed and taxable value of $55000. This property was originally purchased in...
Richard Dee
What % discount to buy a non-performing 2nd note?
I am looking at purchasing a non-performing 2nd note on a property that is barely above water on the 1st mortgage. It hasn't been paid on in over 8 years and am curious what the typical discount would be for a $110k...
Richard Chae
Steps for foreclosures
Hi all,New investor here with a question regarding the process of preventing foreclosures. At the moment I don’t have anything just wanted to know when I did so I don’t end up getting someone’s hopes up and now being ...
Richard Chae
New house has tile throughout
just acquired a house for a rental that has Laminate wood flooring in the bedrooms and tile throughout the rest of the house. Coming in after it rained, I lost traction myself due to the tile being slippery. My questi...
Rosaria Pipitone
Inheriting new tenant for new duplex purchase
Hi everyone!Im inheriting what appears to be aloyal tenants for the duplex that I’m purchasing in two weeks. I plan on living in the duplex as well. According to the listing agent, Tenants had been living in the upsta...
Richard Mercurio
College Student Rental Lease Renewals
I signed my first student rental lease in May 31 2018 , immediately after i purchased the property. The lease is up this May 31 2019. My hope is to resign with the existing students, all sophomores. How and when sho...
Richard Davis
How to Buy a House with Cash? Step-by-step guide?
I'd like to buy a house with cash without using a buyer's agent, in order to save on fees. While I understand the steps in broad strokes (make an offer, request contingencies, give them earnest money, and so on), I've...
Richard Jumonville
FLIP & SELL USING ANOTHERS SDIRA QUESTION?
Hello, I have a C Corp and a Solo 401K, I have a business associate who has an SCorp w/ SDIRA.
We have agreed to gap fund each others deals so that we are not performing disqualified transactions. My question is this....
Richard Lovering
What's the #1 MOST important thing to do when starting out?
Hey all! 41 yr old W2 employee in a long standing family business getting ready to start out in REI. What did you find was the MOST important thing you did when starting out? Thanks,Rick