Aaron Metthe
Seller Financing Advice
Hey all,Question: My father-in-law is looking to sell me 8 units for $190K. I analyzed the property, and it's a solid deal. The issue is that he owes $110K on it. It'd be ideal if I could get him to seller-finance it....
Steven Mitchell
how do you protect yourself from cut floor joints?
We recently bought a house, after getting two foundation bids, a stinker with cut floor joints. This added another 10k to the rehab and killed the deal for us. How do you guys protect yourselves from this? We talke...
Clarence Bell
Attorneys for Building Code Violation?
Hi everyone,I just recently received a building code violation summons from the city of Chicago and had a question. Do I have to appear in person or if I can have a family member represent me on my behalf and/or just...
Account Closed
Questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Daniel Suarez
Converting Unit into Laundry room
Hey All, I have a one bedroom 16-plex that has been having trouble getting tenants and keeping occupancy for the past year, one of the feedbacks we mostly get is that even though the apartments are nice they want a wa...
Adam Stone-dare
What permits to pull
Hello all!
Just a quick question about permits.
I plan on buying my first house to rehab real soon and I want to do most everything on the up & up. However, I don't want to get bogged down with "needless" permit...
Kevin Dawravoo
Cap rate vs. ROI
I am just getting into REI so this may be a very basic question for most of you but I've been struggling to figure out what is more important cap rate or ROI. And is the ROI denominator (investment basis) only the amo...
Kishore K.
Building a new home
Hi,
I am new to this forum and this is my first post.
We are going to close on a vacant lot soon of approximately 15000 square feet.
We are planning to build a 5500 square feet house with 4br relatively mode...
Olia Kalinina
Fort Myers FL vs. Bayonne, NJ
Hi everyone! I am looking into purchasing my first 2family investment property (first from the asset class perspective - was investing in SF/condos) and deciding between 2 areas - Fort Myers, FL and Bayonne, NJ - arou...
Brandon Turner
Capital Improvements Included in an Appraisal?
Hey all - I'm getting an appraisal done on my apartment complex this week and I'm wondering if anyone knows: Will an appraiser include the "CapEx" in the valuation? Like, I spent $25,000 replacing the siding on part o...