Chris Mahoo
Long term rental when you are not full time real estate professional
Hello community,I have researching on benefits of long-term rental, and a bit stuck on requirements to be full time real estate professional (the 700 hours) if one has to be able to take tax advantages. If I cannot ge...
Ben Gerrits
Avoiding capital gains on long term investment. Unique situation
HelloI'm working on a deal with a couple who have owned a property since 1989 that I'm looking to acquire.Here is the quick rundown of what info I've gathered:Purchase price $89,000Sale price (pending) $280,000mortga...
Isaac S.
Insurance question- fire damage on rental
Hi, one of my rentals had fire damage and is insured through Allstate. They were great with the process so far and have a check ready for me, but they said since I have a mortgage on the property they send a check wit...
Michael Corso
TOP 5 FIX FLIP MISTAKES TO AVOID IN REAL ESTATE
It looks so easy! Buy a house, make a few cosmetic fixes, put it back on the market and make a huge profit. At any given time there are half-a-dozen shows on television where good-looking, well-dressed investors make ...
Laura Reese
Buying a flat in Italy - Considerations?
I'm an American living in SE Asia and considering buying a small one bedroom flat somewhere along the Italian riviera. Why? The dollar is strong, and long term, I'd love to have a place we can go to for months on en...
Nicholas Lilly
Foreclosure Due Diligence
Purchasing properties at foreclosure sales can be an opportunity for investors. Some of these properties are offered at a fraction of the market value which is one of the reasons investors are incentivized to buy. Bef...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Ken Nyczaj
How I got my first Residential Contract of Sale signed.
Hey everyone, for anyone starting out I just wanted to give some information and knowledge about how I got my first contract signed. Not closed yet! But signed! Inspection is going on this Saturday.Since the end of 20...
Paige Bostic
Setting Up an LLC for my First Investment Property
Hi,I am on the road to investing in my first multi-family property. I am going to use the house-hacking route and purchase with an FHA loan and live in one of the units. My questions are:1. Can I purchase the property...
Jake Steven
CPA, banker, attorney, or RE agent. Who should we talk to first?
Hello,My wife and I have saved up about $70,000 for the explicit purpose of investing in some local real estate. We want to buy and hold, but that strategy can be adjusted should we find a more efficient means of inv...