We have a two family home. We live on one floor and the other half is rented. The property is being sold for $1 million with a mortgage of about $300k. We're planning on doing a 1031/121 combo. The rental half is esse...
Just saw a recent listing on a mobile home park that is about a 45 minute drive from my current residence. I am unfamiliar with MH park investments and am curious as to how to value the cashflow.
Seller is asking $1...
I have a rental I purchased in September 2017. It needed substantial rehab and it will be ready for rent later this month. My understanding is that all expenses and improvements must be added to the basis. I under...
Hi All, I found a really great looking property that I’m working on syndicating. The deal is approx $380,000, but I don’t have any money of my own to invest in the deal. I have investors lined up and should be able to...
I was wondering if anyone could answer a couple questions about 1031 transfers.1. Does the 1031 transfer have to be for the complete sale price of the property, or can you take out your original investment and just tr...
For rental properties I know you can depreciate things like a new roof, new washing machines etc...although different things have different schedules of depreciation. I have one item that I don't know if it's an it...
Hi, Im a realtor in Las Vegas, NV representing a buyer and we got an accepted offer and opened escrow, ordered home inspection thus far. Everything is running along smoothly until I get a call from the listing agent s...
Got a call from the OKC police Department couple of days ago saying that someone crashed into my rental. Can was pulled from Kitchen. Driver has three kids in the car. But no one was injured. Driver was arrested for d...
Hello all,So I will be moving into the real estate field in Feb. (retiring 20 years Marine Corps)I'm going to be a licenses real estate agent (TN) to get my feet wet, then dive deeper into flips and rentals. My questi...
Hi, I just want to understand if I bought a property (quad) and received rent while I started the capital improvements .. can I deduct the expenses of the rehab still? This was a major rehab over 6 figures. Ty and ha...