CJ B.
How do you determine for price for 4unit
I am aware 5units is commercials and 4 and below is residential. I am confused on how are comps determined (I'm looking to submit an offer)? If all units are leased would you just run the numbers as if it is commercia...
James Maher
Depreciation basis
I bought a house in 2011 and lived in it prior to moving out at the end of 2014. February of 2015 I began renting the house. I am trying to determine my cost basis for depreciation. I know that it will be the lesse...
Dave S.
To be Free & Clear or not?
Here is the situation...I am purchasing two properties. Total between them is $183K. The seller doesnt care how i split up the purchase prices. So it got me thinking, the one property has a likelihood to appraise for ...
Carlos Fong
If I want to sell for $450,000 how much rent should it produce?
Hi Everyone - I just purchased a duplex in Miami, FL at a good price and I am looking for a quick sell. I don't currently landlord any properties so I wanted to ask the professionals. If you were buying a duplex for ...
Account Closed
Refi into LLC
If I buy a property as a primary residence with 5% down that is 30% below market value, then later down the road convert it to my first rental property, is it possible to do a cash out refi into the LLC leaving about ...
J G
Low balling
How do you handle low balling a seller for their property? A seller is warming up to a lease/purchase deal, but I think he's overvaluing his home. Here are the facts: he paid 92k in 2005, took out a 73k mortgage, off...
Reden Dionisio
Estate Sales: what to ask the realtor, seller
I was driving to the bank the other day and saw a for sale sign in a good neighborhood. Talked to the realtor and she mentioned the owner passed away last year so it’s an estate sale.
What are some questions you’d g...
Eric Odum
Private - Hard Money
I am curious what tactics your hard or private money lender uses to arrive at a value in which they are willing to loan.Do they use a 3rd party appraiser?Use 3rd party real estate agents for an opinion of value before...
Michael Trueba
Investment Property Purchase Limit
Hi! I am trying to be a real estate investor and I am in my research and learning phase. I am having a difficult time determining the purchase price of a home for buy and hold investing. How do I determine my limit? I...
Peter Dodd
Investor from Arizona
I wanted to share my initial marketing strategy as an investor. As I drive through prospect neighborhoods, I note target homes (weeds, ugly, renters, etc..) I then search the Maricopa County Assessors interactive map...