Hannah Bishop
First Time Investor With Questions
I am looking to purchase a property in Atlanta, GA using the BRRRR method. I've spoken to hard money lenders and will be using that, but I am unemployed so the refinance part is where I'm stuck. I've researched DSCR. ...
Melissa Shimmin
Self Directed IRAs for RE Investing Recommendations
Looking for recommendations for companies/institutions offering IRAs in which to rollover my 401K so that I can use the funds to invest in Real Estate.
I'm looking at Entrust Group. Does anyone have experience with ...
Sean Kollee
inner city duplex part 1-4
OK, Im going to run through a project here in its painful entirety - start to finish. I will figure out if I can post here efficiently so it is easy to follow along, text, images etc. I have all the material on my we...
Account Closed
are no doc loans making a come back?
I'm self employed and have a 760 credit score. Due to write offs and deprecation my tax return is not that impressive. I flipped some really good SF contracts that would of been good keepers if I knew of a loan produ...
James Farrel
Pre-Rental Expenses Deductible?
I purchased a property this week and immediately advertised it for rent.
I am showing the unit to a prospective tenant today, but we have not yet discussed a lease date. Have I now met the requirement of making t...
Will Mejia
Just sold a Rental Property. IRS is going to kill my gains help!!!
I had 2 rental properties in Chicago (I dont live in neither). One of them became a nightmare so I sold it a few months ago. I sold it for way higher than I bought it. I have all this cash in hand and I feel IRS is go...
Michael John
Sell or hold? Sec 121 exemption window closing soon!
Two-family home in HCOL area worth $1M
$500K owed on mortgage
$3500/mo PITI
$6000/mo rental income
Have opportunity to sell now; unit 1 would be exempt from capital gains tax via sec 121 exemption (lived in 2 of ...
Armando Rodriguez
Seeking advice in flipping houses.
Im looking for a real estate investors/ flipper who is willing to share some knowledge in the home auction business. I'm highly interested in investing in real estate. Any information would be very much appreciated. ...
Stacy Morris
Using 401k money to invest
I've seen a number of times that people are taking money out of their retirement plans to invest in RE. They also say there is no penalty for doing this under the CARES Act due to COVID. Is this true in all states or ...
Sean Elliot
Advice for first property, BRRRR
Hi, I'm interesting in putting the pieces in place to make a career change, starting out following the BRRRR strategy. I live in Irving Park and would like for my first property to be within a 20-30 minute drive (pre ...