David Lou
Confused about zoning restrictions provided by Redfin
I’m searching for some multi family properties to invest in the Ft Lauderdale, FL area. My plan was initially to use the properties as an STR to be able to execute the STR loophole strategy. However, looking at all th...
Kevin Sapp
Depreciated Property to a charitable remainder unitrust
Tax wizards, a question for ya.I have a property that has been depreciated for 24 years, lets call it 90K of depreciation. The property is worth about 150K, I'll have capital gains after minor increases in the basis o...
Hans M.
How Do I Approach HUD Bid With 2nd Price Reduction?
I've been reading a lot on the forums about how to bid on HUD properties, but I am still confused about how to approach a property that has had a first, and then a second, price reduction. Does the 88% net HUD rule st...
Timothy Evan Drummond
MULTI-UNIT
I'm going to look at a 7-unit apartment building next week. Its currently fully leased, and on paper (assuming 50% expenses) it cash flows very nicely. Any land mines I should be looking out for? If I pull the trig...
Joseph Wattam
1st Rental in Orange Park / Jacksonville FL
I am getting ready to list my first rental in Orange Park, FL in the Oakleaf area. Its a 2BR 2.5 ba townhouse 1100sqft. There are several hospitals and the naval air station nearby. I am curious if this would be bette...
Daniel Duku
Buying Land in Philadelphia
Hi Everyone, I'm not a stranger to real estate in general, but this is my first full year as an investor . My strategy is mainly ground-up construction because that's where I have the most experience as a construction...
Account Closed
Seller Finance with Selling Agent?
Hello,
The Situation:
I bought my current home for $190k (tax assessed $250k, Zillow $265k, rent ~$1.5k-$2k) and my neighbor is selling their near identical home (slightly smaller and basement access on...
Mark Paup
First Multi- Family purchase
So I made an offer on a 12 Plex built in 1950. The cash on cash is 12.8% and the Cap is 8.97%. The broker called and said they have 3 offers, but the buying is giving me first shot at $420,000. (Original price was $42...
Chris Attiliis
Where can I find a link that list all of the Real Estate Acronyms and terms?
Such as CROI, ARV, ROI, and terms like "wholesale" etc. Im a newbie here and have figured out what a few of the terms mean, but would be nice if there was a link/page I could check to verify a term when I don't u...
Will K
Purchase and Sale Agreement Newbie Question
So I put an offer in on a house a few weeks ago. A week ago the RE agent tells me that the seller is considering my offer, but is also collecting other offers. Today the RE agent tells me she is emailing the P&S a...