Sean Harris
Pulling out 401k money for investing
During this whole Covid19 epidemic my 401k investment firm is offering that they will waive the early 15% penalty to pull out up to 100k with no payback. I know there will be taxes due in doing so but I have never see...
Dan D.
The Tax Question
So I am just starting out here and in the process of educating myself. I think the BRRR method is great; but, I don't have the resources set up to execute this strategy (yet). I also make decent money and really nee...
John Chapman
Reporting loss from a rental property fire and the insurance proceeds
I had a rental house that burned down. I have owned it for a very long time and had depreciated most of the original purchase price. I had replacement coverage insurance and received about 300K to restore the house....
Ben S.
Garden City Apartments - Value Add Investment - 40 Units
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $2,000,000
Cash invested: $560,000
This 40 unit value add investment presented us with an opportunity ...
Ikonos Igu
Starting Steps for realestate holdings
Hello,
Reading the forums have been very insightful and wanted to seek some help.
1) I currently have a LLC-S corp for my regular business. I am in the process of purchasing our first commercial property (retail/of...
Account Closed
Is a major cement shortage coming?
Many are projecting a worsening of the cement shortage. The border wall will certainly not help. Currently about 4 million metric tons of 14 million metric tons Texas uses each year have to be imported. It takes ye...
Graham Nash
USDA short sale situation
BP,I found a solid little brick house that is vacant. I located the owner through the tax assessors website. She lives out of state. I contacted her through Facebook asked her if she was interested in selling the hous...
Kevin Bryce
Am I smarter than an appraiser?
So in while contemplating recent real estate strategies I was left asking myself, what things does an appraiser overestimate the cost of repair? My thought is that is where there is money to be made right?If an appra...
Alex Olmo
First multi family purchase
Selling broker sent meat with this with response to offer. What does it mean??
“Credit to buyer at closing or price improvement.”
David Godbee
New to Flipping
I own two rentals that I've purchased over the past three years. I own them outright. One I manage and one is with a management company. I'm looking to try my hand at flips to try and generate more capital. I'd like t...