About three weeks ago I purchased my first property (distressed foreclosure) which I am currently making improvements to in order to get it rent ready. This property which is located where I currently live (Ohio), but...

I am a practicing and licensed certified residential appraiser. I was thinking of creating a “deal report” with subject address, county record, photos, skip trace info, repair estimates, both As-Is and After Repair Va...

Have four rentals and one flip under our belt, but I'm afraid we're doing the wrong way as a sole proprietor. Would love to hear thoughts from the group. C-corp, S-corp, LLC on every property, etc........ Would love t...

I've noticed this time around the applicants are texting more, often without even "introducing" themselves (they just start asking questions, often things that were covered in the ad). One person did a blow by blow of...

Hi,

I went to Chase Bank today and I asked about pre-approval letter for my potential investment property (I will focus on SFR for my first investment). The loan officer told me that property has to be "habitable" (...

I own a two-story duplex where water constantly drips down the siding, even when it hasn't rained for days or weeks. My property manager had someone inspect the issue, and they initially said the AC unit was the probl...

I am acquiring an assisted living home (RE+business).
RE appraised for $1,320,000
Business for $80k.
I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.
...

Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...

Hello,
I own a home on Long Island that is currently worth about $500,000. The house is fully paid for. I have about $48,000 in cash and would like to purchase my first investment property. Should I do a HELOC? Can I...

As a new investor, is it best to create your LLC within your current state of residence or the state in which you are planning to invest the most? Any suggestions or guidance would be very appreciated.