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I'm ready to buy my first rehab project and I've been running the numbers and kind of disappointed about what I'm finding. I get my deals through local wholesalers.... My price limit is $150,000 for the whole project...
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Hi Gang,I have a property that is currently a rental. My parents are thinking of buying and adding to their portfolio and I would take the proceeds and 1031 exchanging into some more properties. Does this violate th...
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My partner and I just became the owners of a 4-plex in Oregon on July 29th. It had 4 long term renters in it throughout the process. Then, at closing, we were told that one tenant was being evicted for non-payment. ...
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So last month, I finally bought my first rental. I did it on a 5-1 Option ARM. I also have the same thing (5-1 Option ARM) on my private residence. Now... I'm making interest-only payments to keep from going into n...
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If my deductions are greater than the income generated from my property, how does that effect my tax liability?
Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?
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I’m 21, Real estate agent, In central massachusetts, working on getting down payment/repair cash. Plan on buying a 4 unit within next 6-8 months. My goal is to Brrrr/house hack from 4 unit at 5% down to 3 unit 5% down...
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I have worked in the real estate industry for several years now (on the tax / accounting side) and as a result have developed an interest in real estate investing. I am interested in the southeast Florida market becau...
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Hi Everyone,
I wanted to post a new thread about how to do these deals given current market conditions.
We have a cooperating seller who would be willing to just give us the deed in liu of foreclosure however we hav...
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(Sorry to some as this is a repost, I posted it in the wrong Forum originally)Hi All,I want to start this conversation out by explaining a little bit about myself and my goals, and hopefully through that I can spark a...
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Hello - I have a bit of a spin on the age old question: To use all of your savings on your first property or not.I have 10k I have saved in 6 months to put towards a property. I have planned to use 5k of my own funds ...