Tim Shapiro
Can I pay association fee to prevent new foreclosure
I bought on sheriff sale condo. (mortgage). A month later, I saw in county resorts that the owner did not pay the association fee and association start the new process of foreclosure . Question: Can I pay association ...
Andy Lanyi
1031 exchange not investing all $. Will that $ get taxed?
I am not understanding the 1031 exchange process quite right. Is it true that when you do the 1031exchange and you do not spend all the money on the next purchase that that money will get taxed as capitol gains. As an...
Troy Elston
Converting private residence to rental property
I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...
Ilya Z.
Can I claim something I made "on the side" as an REI expense?
Suppose I buy a painting and use it in staging of a property that I am selling (that is, I am not the realtor selling, it's my property). Then it looks like the cost of the painting can be deducted as an expense for t...
Devin Drowley
County Assessor Value vs Fair Market Value
I'm just getting started out in Chicago and am wondering why there is such a disconnect between the county assessor's value and the market value of properties.For example, I've looked at several MFHs on the market in ...
AJ Smith
St Paul 203k Househack Analysis
PROPERTY INFO
Property Address
594 Brunson St, STP 55130
MLS#
5352326
Number of Units (Duplex, Triplex, 4plex)
2
Bedrooms/Bathrooms
4/2
Crime L...
Desmond Dunn
OUT OF STATE INVESTOR IN DETROIT
I am an OOS investing looking to purchase Multifamilty properties using the BRRRR strategy. I wanted some advise as far as the ARV. With many discounted properties being bought everyday figuring out the ARV has been...
Bryron Diaz
Amazon entering as a broker
What do you guys think about amazon teaming up with Realogy and continuing to push towards becoming a broker? The question brought up today in an office meeting is the possibility of agents becoming obsolete. Thoughts ?
Mindy Jensen
Title Didn't Relay Water Meter Install Requirement at Closing
A friend recently purchased a house. The water company told the title company prior to closing that there is no water meter, and one would need to be installed within 90 days of closing. Water company asked title to r...
Dustin B.
Eviction Moratorium Question
Good Afternoon BP,
Have (an inherited) tenant behind on August's rent by $175. This tenant also did not pay for September's rent for $875. We sent out the 5 day right to cure on Thursday 9/3, so we would be looking t...