Gillian C.
Chicago: Rules on tenants who are MTM after expired lease
Hi Chicago folks. Could you shed light on the following scenario:
- Tenant on a year-long lease that ended August.
- Tenant continued to pay rent September and November.
- No new lease was signed.Two questions (on...
Edison Reis
Refinancing dilemma .. Payoff HELOC or Use it to buy another one?
Dear folksWe have 3 Properties that we acquired using our HELOC As the down payment few years ago.One of the mortgages is coming up for renewal and considering the property value went up about 70% in 3years I am plann...
Erin Genz
Just starting out after 10 years as a landlord
Hello all,I have two rental properties in Colorado Springs that were both our primary residence before becoming rentals. We've had one of the rentals for 10 years and after owning the property for 15 years, the frust...
Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...
Corey Meyer
Purchasing, sight unseen, from the Western Himalayas of India.
Investment Info:
Other buy & hold investment in Big Sky.
Purchase price: $189,000
Cash invested: $5,000
My real estate agent/business partner sent me the listing the day it went on the MLS, at th...
Matt Millard
Are we in another Great Depression? Why or why not?
With GDP & unemployment levels likely topping the Great Depression how will this impact your market & investing?For myself I know the builders in process of building $2200 a month Class A+ rentals all around n...
Christen G.
cat hoarding, flipping a unit - what are you all liking?
Found a doozy on a routine inspection recently - I lost track at 24 cats 😕 - this tenant has been spiraling for a bit, but needless to say will be gone quickly. I'll spare you the details and hoops I'm jumping through...
Sean Vanderveer
SDIRA vs Solo401k - Multiple Q's
We own multiple commercial properties in our downtown (Series LLC in TX) and have several under contract. We are looking to roll over our traditional IRAs to make the purchase w/ a non-recourse loan. I have read every...
Jay Helms
How many RE investors are Sales Professionals?
Following Adam Zach's lead [ https://www.biggerpockets.com/... ], is it just me or is a large portion of REI investors NOT sales professionals? By that I mean, your W2 is in Selling <insert widget/service>. Seem...
Jack B.
2/5 year rule for primary converted to rental
As I understand it, if you live in the house for 2 years out of the last five before you sold, you get to avoid capital gains tax, so long as you bought as a primary residence, but the IRS doesn't care if it's the fir...