Chris Coughlan
How to determine price for investors?
I have read that when you make an offer to a seller it should be between 40% and 60% of the ARV
As a general rule, what percentage will an investor pay of the ARV? 70%? More? Less?
Let's say there is a house with...
Armeen Mazda
Depreciation recapture and passive losses when selling property at a loss?
I have a rental property with the following situation:-$155K of passive carryover losses-$100K of depreciation taken-$700K adjusted cost basis (purchase price less depreciation)- $775K net sale (selling price less rea...
Douglas Gratz
Appraisals (How to find cap rate or GRM)?
Hello, so I am trying to figure out how much a 5 unit residential building would be appraised for.All the equations mention sales price: NOI/sales prize to get cap rate . Income approach etc the formulas require sale ...
Tomi Osibodu
Are short sales a good way to find properties?
In today's market are short sales a good way to find investment properties?
Victor Noriega
Flat Fee MLS
I’m looking for a Flat Fee MLS broker with the following features, MLS listing obviously, social media listing (trulia, Zillow, etc) yard sign, on-line form (I will not print out, complete, and scan). My max budget i...
Steven Cowles
Sheriff Sales - Any inside help?
So I have bought several properties from my local sheriff sale. Pretty straight forward process. Get the list of houses, inspect the outside of the homes, check title, try to buy it low enough that you can make money....
Nathan Stanley
🤢Supplemental taxes?? How much can I expect the bill to be??🤮
Quick questions- What kind of taxes and who pays?
Senario-
Family #1 buys at $700k in sunny California🏝in 2015. Family #2 wants to come in and buy at the new property in 2021 valued now at $1m. Family #2 now needs t...
Jordan Woolf
Too early for 1031 exchange?
I have owned one of my properties for almost 2 years. It has been rented for about 6 months. The tenants are asking to purchase the property.I would like to do a 1031 but I am not sure if this property would qualify. ...
Lenzy Ruffin
On a wholesale transaction, what gets recorded as the sale price?
I'm new to real estate investing and I'm starting out with wholesaling. I understand the whole contract assignment or double-close process, but I'm not clear on what price actually gets recorded as the sale price. For...
Brittany Hart
Sales Tax?
We (my husband and I) are closing on our first rental property next week. I have been doing market research (craigslist) for comparable rents and keep seeing so much for rent + sales tax. How exactly does this work?...