Hey Chicago landlords. I'm listing a unit in Logan Square which has two bedrooms and another potential bedroom. I'm not sure whether to list the third bedroom as an office/den or a bedroom - it's about 50 sq. ft, and ...
Hi all, I have a question I can’t find an answer to.
Would it help me get pre approved for a new owner occupied mortgage if I omit rental property expenses in my tax return? ($13,000)
My family and I would like to m...
Hi, everyone I’m a newbie here!! Hope everyone is having an amazing day. I’m looking to become a wholesaler. I want to learn more about wholesaling and real estate investing. I was wondering how can I go about finding...
Can someone explain this to me?In "Rich Dad, Poor Dad," Robert Kiyosaki says "The reason I minimize my income is I don't want to pay it to the government. That is why my income comes through my asset column, through a...
I recently put this ad on Craigslist:
$75000 / 3br - Handy Man Special (Greater Baton Rouge Area)
and got this reponse:
Hi I was inquiring about the 3bdrm house for sale please send pictures and more info.
I a...
Just curious what metrics people are utilizing to track their rental property investments over time. There are many different factors we can all track, but which are most relevant to you and why? From The Book on Rent...
An investor who intends to buy, fix up and then sell or rent a distressed property would consider a private money loan. Conventional banks and credit unions tend to shy away from lending on distressed properties, so a...
Here’s the answer:
To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.
Here are some of the key requirements:
1. Material Participation in a Real Est...
Hello all I am new here. I am currently in contract for a triplex located in NY. I am in a bind right now trying to get a loan for the property. The purchase price is $765,000 and I currently have 6% down in escrow. I...
A seller in Illinios listed his home for $1.5 million and thought that the Zestimate of $1.3 million for his house was too low and scared away potential buyers. He asked Zillow to increase its Zestimate or remove it f...