Chandana Kaza
Closing costs break down and review needed
Hi, we are currently closing on a property for investment purposes.
The below is the closing costs breakdown the lender has provided. Can someone review and help us understand if there is something we can skip and...
Nadine Kwiatkowski
Fannie Mae Homepath Negotiation Question
Hi all, First time home buyer with a question on Fannie Homepath purchases. I recently put an offer on a home that had a recent price adjustment. I still felt it was priced too high compared to similar houses in the a...
Mushfiq S.
Solo 401k to Invest in Real Estate - Rollover Etrade?
Hi,I opened a Solo 401K via Etrade for my LLC in 2016 and deposited the IRS limit 18k + 25% of W2 income. Note that my LLC is not related to real estate. I thought I would use the 401K to invest actively in stocks, ho...
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TX land
I've been looking at this ad (below) on a website and running the numbers... it looks like with FCRP and turbines it should produce a minimum of 1.5m profit over 30 years. Is there something I'm missing? Also what exa...
Aaron Knoll
Recommendation for a good RE-savvy CPA in Salt Lake valley?
Can anyone recommend a good accountant? To make a long story short: I landlord for 5 years without realizing depreciation was non-optional. I'd like to file an IRS 3115 this year to try to recapture at least some of t...
Lucas Hammer
Itching for a second deal
So we're house hacking a 2-flat in Chicago right now and I keep seeing buildings in the neighborhood popping up cheap enough that I could be sure to cash flow, but getting that 20% - 20% for the second down payment is...
Zach Melson
Appraised Value
Hi everyone, Just a quick question- I am using a commercial analysis for a property that is a fourplex, however my numbers do not come anywhere near what the asking price is or what the seller is willing to settle for...
Lucas Sawyer
Appraisal value questions
Hi everyone. I am currently purchasing my first home. Me and the seller came to an agreement which is $7,000 above asking price due to multiple offers. My issue here is the seller is not willing to negotiate if the ap...
Nolan Mahoney
Using rents as income for 5% down
Since the new 5% down payment came out i am currious if the rents from a 2-4 unit owner ocupied can be used as income to help qualify for the loan, like you can with FHA financing.
Sebastien Beauboeuf
How do you deal with pushback from increasing the rent?
I've been looking at some small multi family homes on the MLS in Chicago and it seems like a lot of the rents on there are below market. I assume that the rents are placed by the seller's agent and are accurate. So I ...