We recently received a low appraisal on a home that needed significant work. The appraiser used homes that were 2-4 miles away from the subject property - in Montgomery, AL that is a long distance and the neighborhoo...
Hi Everyone,
I am currently looking at a property in San Antonio, it has "minor foundation problems". The foundation type is slab and GFA is roughly 900ft2. My aim is to determine the extent of the problem and cost ...
Hi,
There's a condo for sale that I might be able to get for a good price. Here are the specs:
* 3 bed/2.5 bath condo
* 2 story, 1200 sf
* Now asking $68,000 (from a recent $89,000)
* Taxes: $1072
* Insurance: $600
...
Hi CPAs familiar with 1031s, I have a question.My business partner and I may want to do a 1031 exchange on 2 real estate properties. Here is the scenario: 1. We're Selling a duplex for ~$115k from my partner and my jo...
If you were to start out in a small owner occupy multi deal would it be beneficial for someone to partner with another investor? How would you structure the deal? How would the cashflow look (would there be any tax ...
Hello there - My name is Dennis and I've been lurking for about a month and finally wanted to reach out. With some life changes forcing me to get out of my comfort zone anyway, I am looking to get into the rental game...
This is an attempt at a non-technical explanation. I intentionally use rounded percentages and simplified formulas, making the numbers incorrect. The purpose is to merely illustrate the idea as simple as possible. Als...
I passed on a 4-plex that was a foreclosure recently for many reasons. Among those reasons, it was virtually impossible to find anything out about the property in terms of previous rents, repairs, etc., as it was ...
"A federal lawsuit filed this week by housing groups on Long Island, in New York City and across the nation alleges real estate brokerage Redfin engages in racial discrimination, saying it systematically shortchanges ...
Hi All,Looking for flippers to answer a question I have. I have a client looking at a house, and as a RE Professional, I can see from data, that the house was purchased last year at a much lower price then being mark...