James Hedgecock
Non-cash partner - Taxable Event?
I'm trying to structure a California LLC as the non-cash partner. My partners are bringing the cash to the deal. We are building ground-up condos and planning to hold them for rent long term. I found the property and ...
Dinardo Rodriguez
Prospective Chicago Investor: Feedback on this Analysis
Hello folks!After my research, I concluded that I want to purchase my first duplex/triplex in the Chicagoland area through an FHA Loan. I'm looking to begin the search for a property a year from now (December 2022/Jan...
Mark Vesu
Is it worthwhile keeping the duplex
All, I am leaning more towards selling my Duplex. Here are my numbers:After all the expenses, my take home is around $1600/mth. The property appreciation is around 4% / year. This is low as compared to SFH. Not to...
Melissa S Vrobel
Good tenants but want to raise the rent
Hi all BP,I need some guidance. I have a tenant that has been great. They moved from my one rental to a larger one and agreed to the rent. Fast forward 5 yrs and I haven't raised their rent. I am now losing money ...
Seth Hochberg
Best Way to Pull My Money From Retirement Accounts
I'm new to the real estate game, and I'm making a hard pivot in my financial strategy on where to allocate my money. All my life, my financial aspirations have been to max out my retirement accounts, but now I am tryi...
Bruce Gardner
CPA always "too busy" during tax season - acceptable?
1) My CPA Firm / Tax guy is *excellent*.2) Two years in a row (2019 and 2020), I've had a non-tax related issue come up during "tax season" where I needed CPA/Tax/Accountant advice, and was given a "too busy" respons...
Joe Delgrosso
No Tax Benefits From Owning Properties?
Just heard back from my tax accountant and I was expecting some good news that we were getting a positive return from owning 6 different rental properties (bought 2 in 2019) but instead he tells me that we're just bre...
Byron W.
Can I use check copies & credit card statements for expenses?
I'm living in a tri-plex house hack. Renting out 2 units and living in one. This is currently the only property I own. I've had work done on the building itself (roof repairs) and remodeling work in one of my previous...
Matt H
As a beginner, what is your biggest problem?
I'm just curious as to what your biggest problem(s) is as someone who's just starting out in REI?
Mehran K.
$55k Duplex Deal Analysis
Hi all,
The last analysis I posted turned out not to be that hot of a deal. This one seems a lot better. Any help would be appreciated!
Here goes:
Duplex
Purchase Price $55,000
Rents: $1,075 ($550 and $525) Each a...