Account Closed
No equity? Negative equity?
No equity? Negative equity in wholesaling? I need help please. This one stumps me. Especially no equity. Can someone explain the important and or role equity and the sellers loan amount plays in this situation?
David Y M.
House Hacking Allowable Tax Deductions PSA
I went down a rabbit hole after putting up a post about tax deductions for a SFH, and I realized that many of us have the wrong idea about house hacking and allowable deductions. This is simply a PSA on the misinforma...
Derp Gurp
Regarding depreciation and tax credits - Question
Hello everyone.I've been scouring the internet for a while and I can't seem to come by depreciation. What an accountant has told me is that depreciation can stack year over year if you have excess leftover. For exampl...
Nellie McGregor
Neigbour blames us dumping in his yard
Long story short our house burned down and we rebuilt it. We hired landscaping company and tree company to cut trees and took the everything out. Our property is in the forest and diagonal shape. When house finished w...
John Malone
Clearing Up Confusion: A Common Question on STR and REPS
We hear many real estate investors assuming that their new portfolio of STRs is setting them up nicely for Real Estate Professional Status and thus will help convert their portfolio of long term rentals to nonpassive....
Preston Long
Can an RV park that is ran with a onsite manager be sold at a higher valuation?
Looking at an RV park in Mississippi. It's currently 15 lots and room to add Abt 25 more. I do not want to self manage this property, a manager at 40k/yr will be about a 30% expense to the noi after the value add proj...
Cassidy Burns
Door or NOI? How are you analyzing?
Hi BP, I see a lot of individuals lately just talking about "doors." How many doors do you have ? It's almost as bad as the "how much do you bench bro," at the gym. . . . . . Isn't the purpose of real estate investin...
Scott Meredith
Inherited Property Trust Leads
I recently went to my REIA meeting and heard about sending marketing pieces to a list of people that inherited their real estate outside of probate through a trust. I came here as my first resource and found this thr...
Tommy Ray
Greatest mistake I ever made - leaving knowledge on the table
That subject line throw you for a loop? Heard of leaving money on the table in regards to a deal? Well knowledge is money if applied. Let me explain....
When I started real estate I wanted MOMENTUM. I could taste...
Emily Shirk
New to San Jose & REI. Would love some advice on how to start!
Hello everyone,My husband and I are new in REI and just moved to San Jose. We are looking for a home to hack (flip while living in it) but are limited to a $655,000 budget due to the loan cap on a traditional loan wi...