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Results (2312)
Kayl Kam LLC, CPA, depreciation, tax write off - Rookie turning residential into rental
21 May 2023 | 3 replies

Hi all,I am planning to turn the current residential property (SFH, 4b/3.5b) into a rental since I am relocating to another state. I put 5% down 2 years ago (conventional loan with PMI), fixed interest rate of 2.875%,...

Neil Hauger Cash or finance? That is the question
28 February 2014 | 4 replies

Ok, really opening a can of worms here but I am interested in some diverse opinions. Basic question: Should I pay cash for properties or get them financed and leverage myself.

Background. I plan to retire ...

Kevin Yeats Up to 58 bank failures
26 July 2012 | 19 replies

We are up to 58 bank failures in the US (thru July 22). These banks represent approximately $19 Billion in assets including 4 Billion dollar banks and 1 two Billion dollar bank.

This also makes 10 failures in July a...

Dan Towle New investor looking to join LLC with coworkers
7 December 2014 | 5 replies

I know very little about rental properties, but I am a homeowner in the Midwest so I know just about as much as anyone else has has bought a home and done a little rehab. 3 coworkers have formed an LLC and have purcha...

Erik Pedersen First wholesale deal in Newark, NJ
23 April 2016 | 18 replies

I am a new wholesaler and I am about to put a house under contract tomorrow.

SO the place is totally renovated on the top floor - move in ready.

The bottom floor needs quite a bit of cosmetic work, but is nothin...

Dung Tran Loan Now or Wait for All Cash Deal?
7 April 2013 | 5 replies

For my first home I wanted to start small so my goal was 100k for a 3 bed/2 bath home so I can live there as my primary residence and be able to rent the other two rooms and essentially live without paying for mortga...

Andrew Johnson New Investor in Denver
4 June 2015 | 8 replies

Hello all!  Quick question for the masses as it relates to starting out in the business.  I have limited cash available so my thought process is to get a HELOC or 2nd mortgage on my primary residence for the purpose o...

Binita Mehta Company to manage own properties?
8 October 2024 | 6 replies

Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.

Nick H. Use my current property to start in REI
27 November 2017 | 7 replies

Hello all,Just signed up after reading a few posts and have plenty more to research. I'm trying to find some advice on how I can use my current property to start in REI.My current property is worth about 210-220k. I o...

Nigel McFarlane $375K for Rehab Costs?! No way
8 January 2019 | 13 replies

I came across this image on a real estate posting that recently sold in June 2018.The final cost of the rehab according to this image was $375,000!!! The image was included in the listing so this could be a marketing ...