So we are looking to grow our portfolio, and have a large amount of equity in both our primary and rental property. I live in a HCOL area, so I'd need to tap into equity on both properties to be able to buy another i...
I have several friends/family members that have high paying jobs. Brother is in a doctorate program for physical therapy, Uncle is part owner of an architecture/CaD business, Cousin has high paying career at Tyson Foo...
As a long time real estate investor I have constantly surrounded myself with real estate, even while simultaneously working in banking and financial services. As more and more people began coming into my sphere I real...
Hello, what are the tax implications if I bought a rental property in Dec 2020 and didn't rent it until Jan 2021? I know this is unofficial and not tax advice, just seeking some thoughts and info. Thanks!
Hi Everyone! I started my REI journey early April 2020 and have immersed myself in learning the basics of investing so I can have my base then graduate to a base+. I have read the Ultimate Beginner's guide, 3/4 finish...
I currently own a 4-plex in a complex where there is about 40 4-plex buildings. There are 2 owners who wishes to sell their units now. The first owner… I’ll call seller “A” wants 180ish firm (this property is next to...
Ok, so I've never bought a wholesale property before but recently I've been in contact with a wholesaler about a property he has under contract in north Warren MI. I will be looking at the property in two days and pla...
If I make a cash offer for an REO, does that prevent me from getting financing from a bank prior to closing? Up until now I've always purchased with cash and then re-financed once my property is renovated and rented....
I think that the rule with a 1031 exchange is that you can not live in the property for the first 18 months. However, I'm buying a property that needs major renovations. I've been told that I can stay in it while reno...
I have just heard from a title company that a double closing or simultaneous closing is illegal here in Ohio and in the rest of the US. The CFPB does not allow it. Apparently you can not buy a property 1 day and sell ...