Ashley Wolfe
Inherited, Out of State property. Crunching numbers for renting
Hello all,I need to know how to go about analyzing an inherited townhome to see if it would be a good rental. The quick story is my husband's mother passed away in late May and we inherited her townhome. She owes ab...
Seb Ko
Help with Chicago STR application
Hi everyone, hoping I could get some help from anyone that has successfully applied for an STR/Airbnb in Chicago. I have now been denied 3 times. I have a 2-unit and I live in one and would like to Airbnb the other. I...
Aaron Barrett
Transferring/gifting property
My mother is near the end of her working life and wants to get rid of her 3 rental properties/duplexes. Our thoughts are that she could transfer/gift them to me to take over and I would in turn split the cash flow wit...
Alecia Loveless
Future Valuation of my Property
3 years ago I bought a 3 unit property that has two buildings, a duplex and a smaller SFH. It is set back in a small neighborhood with two dead end streets, or so I thought. I knew there were some homes up in back but...
Jerry Smithson
Sell house to LLC on paper
So here is my situation. I owe about 54K on one house (appraised at 70K, but could probably only sell for 50K). I bought the house 5 years ago for 24K and rehabbed...but mostly would be expenses and no cap. I have ...
Eli Gilbert
Can you do a1031 exchange on a flip?
I am new to this and have heard of the 1031 being used to avoid paying taxes!Can you put profits from a flip, (which is usually considered capital gains), into a 1031 to avoid taxes?Essentially this question doesn’t m...
Jerry S.
My Plan - Please offer your thoughts and help keep me accountable
Alright, I've been lurking for a while, read a bunch of books, listen to dozens of BP podcasts, and killed hundreds of hours "researching" my market online. At this point, I really don't think there's anything more I...
Ernie Gutierrez
If I have Heloc can I cashout refinance?
Input requested. Thank you I have 150K equity in current home and just closed on Heloc and have zero balance on 75K HELOC credit line.Will I still be able to do a cash out refinance to have more accessible funds for r...
Mickey Bauer
Capital Gains on Sale of A Gifted Property
My in laws gifted my wife a lake cabin property. It is currently in her name legally, but remains under the 5 year lien window for about a year which would allow a healthcare provider / assisted living etc to access ...
Devin Collins
How to go from no houses to 50+ units and 30+ properties.
Hoping someone has some advice:I have an opportunity to buy a block of real estate (50+ units, 30+ properties) I have a partner that compliments my weaknesses and will provide organization, technology, and a managemen...