Josh Harper
Purchasing first STR, what am I shooting for?
Hi Everyone,Looking to purchase my first STR in my home resort town. Prices are pretty expensive here, 400-600k for a decent place. I have about 40-50k down payment for a property and have financing lined up for 10% d...
Martin Zawarski
Renegotiating an Agreement
I would like to hear success stories from you, where you renegotiated the purchase after you had a firm agreement of sale. In this environment the deal isn't always the final deal and the negotiations are not fini...
John Irvin
Thoughts on using CARES Act 401k withdrawal for rental purchase?
I tested positive for COVID a few weeks ago. Thankfully had a mild case.I was reading that if you test positive, you qualify to take up to $100k out of your 401k without the 10% penalty. If you pay back within 3 yea...
Cindy He
Real Estate transaction tax question
Hi all,I have some newbie real estate tax questions.We're getting a private loan from parents to purchase a flip. They're going to wire money directly into my LLC checking account. I'm just wondering what I do at the ...
Mike Clary
Do You Hire Property Tax Professionals?
I'm a newbie in the RE investing world, but I've been working in the world of property tax for 17 years. Just wondering if property owners here retain property tax consultants or attorneys to help fight increased asse...
Kyle Meyers
Rebates and Taxes
If I buy something for a property and get a rebate, do I have to reduce the deduction amount by the amount of the rebate? What about reward credit cards, if I get 5% back on purchases, do I have to take that out of th...
Rick Howell
How To Set The Price Of Your Home
Pricing your home is tricky and can be the hardest part of selling a home. Setting a price can make the difference between selling a home quickly and having it remain on the market for months. Here’s what you need to ...
Justin Stawarz
Seeking Advice: Seller did not disclose zoning violations
I've been under contract on a house in Kansas for a couple of weeks now. I've been researching tax deed properties and decided to look into my future home. Upon fulling code violation records I was surprised to find t...
Matt Butler
Beginner How does one make money with property taxes
Lets assume I acquire the house 100K to keep it simple and its a 20% down payment the rest is leveraged. Lets say my mortgage is $800 and I charge my tenant $1500 a month. Taxes in Illinois are 2.8% or so so thats rou...
Alex H.
Credit at closing
Hi everyone. I have a question to put out there. We are currently negotiating our first investment property purchase and have ran into a snag. The property is in need of some repair work, which totals an agreed price ...