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Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...
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Hi,I am considering selling my rental property which I purchased for $380k 10 years ago and currently has a market value of $310k. I am married with combined yearly income of $150k+ . I have 2 questions:1) Are 1031...
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Hi All, I was trying to look at some tax strategies and was curious if anyone else knows if this is possible. I have rentals in my IRA. Is there lending institution that would allow me to put 20-25% down to buy ...
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Hi everyone, I am looking into my first deal in Portland OR, and have found some potential seller financed deals. This is all pretty new to me so I have some questions. The deal I'm looking at is and below are some of...
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The property:
1976 Brick 3 BR 1.5 Bath SFR FSBO
Transitional Neighborhood
Comps show ARV approx. 82,000.
Yrly Property taxes 379.00
Repairs 12 - 15,000.00
I would like to be able to wholesale this to an investor at ...
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I have searched for a while before posing this question, but couldn't find exactly what I was looking for.I recently put my latest flipping project under contract and have been going back and forth on whether to keep ...
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Hey Biggerpocket experts....I was hoping you all could give me a little advice as to what you would do in my situation. I'll try and fill you in as much as I can and then you can either answer or ask more questions to...
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Hi there! I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate. My main question is regarding depreciation. My husband and I are high wage earners, so from what I...
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hello all. first post here. I am interested in getting into the real estate investing world and have a few introductory questions. Unlike many of you, I have no interest in doing this full time (at least not until ...
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Pulled the trigger and purchased my first house to fix up and sell. I've done construction in the past, so I'm putting in a lot of sweat equity because I'm not that familiar with costs, and I'm just nervous. I don't...