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Ran into a partial exchange situation, I am selling a condo at price of 400K, the profit is only 20K however the depreciation is super high since I have been renting it for 7 years. so I have to pay high tax for it. M...
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Last week I broke down a deal for an investor of mine in the Chicago area so I wanted to break down another. Investor was buying a 3 unit. List price $199,900. Rental income $2500 ($1000/800/700).After back and forth...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $118,000
Cash invested: $24,000
Contributors:
Dustin Brown
Small duplex with tenants in plac...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $53,000
Cash invested: $53,000
Keller Wiliams Monzo Group
#1 Team in Michigan for actual homes sold!
Wall Street J...
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We're a married couple that both work W-2 jobs (approx. $200k together in 2023). We launched our first STR last fall (2023). It was a new build, and we spent quite a bit of time and money to get it up and running for ...
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I am planning on paying all cash for property and looking towards my exit strategy a year or so from now. But i have too many mortgages under my name driving my DTI too high. What type of lenders should i be looking f...
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Hello!
I am looking at moving into the Birmingham area but am first getting an understanding of the area. From what I have heard and seen is that south of downtown is the nicer A type neighborhoods. Areas around down...
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I am working on closing a duplex (my first). The seller has made $5000 in repair concessions after the inspection.
I would still like to finance the full amount ($98K), so I have ready funding. Should I figure out ...
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Good morning . Newbie here in Charlotte NC who is on the verge of getting my first deal. I am just looking for advice on whether or not I should get involved in something . Any feedback you could provide would be very...
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So, looking for any advice.
I recently inherited a rental house from a family member. The tenant has been in the house for over two years and paid every 1st of the month (The house is slightly under market rent) and...