Scott Gammenthaler
NEW INVESTOR: Buying a duplex
Hello All,SUPER excited that I am buying my first duplex in Owensboro, KY and have a few questions. First off, here are the numbers on the property:Purchase Price: $76,500Projected (Past) Rent total: $1125Neighborhood...
Matt B.
Need Advice - Best way to purchase Duplex via IRA?
So I have set up an IRA for RE Investing.
I now have the opportunity to buy a duplex. It will be under market value, need about 20k in repairs, and will be cash positive
What is the best way to structure this?
I...
Giovanni Cortorreal
Using Land Trust and Land Contracts for my clients
As a Realtor, here is what I’m planning to do to assist my clients who do not have credit, yet they have a good chunk of the money needed to purchase a home.
1. The seller creates a Trust and deeds the property to th...
Sarah Msuya
Actual Cash Value v. Functional Replacement Cost Insurance?
Hello everyone,
I am under contract on my first long term buy and hold rental. It is a 4BD/1.5BR SFH in Auburn Maine. I am paying $113,000 and will be replacing the roof on it this spring. Everything is currently fu...
Michael Rossi
We Need a Revolution!
As we already know, because of the wild, reckless actions of the big banks selling derivatives that had little to no worth, the big banks were insolvent a year ago. The government argued that the banks MUST be saved ...
Hilda Sandoval
Rent Collection Apps and Managing Multiple Property Bank Accounts
Hello Everyone!
I am excited to share some news with you—I recently purchased my first rental property last week, and I'm currently conducting viewings for a second one! As a new landlord, I am eager to learn from yo...
Larry Nielsen
LLC Tips for Real Estate Investors
Hello, looking for tips on LLC formation for real estate investors. Can I use a previously existing LLC? Would I need to re-write the operating agreement if it was not previously used for real estate? Should I start a...
Edward Curtis
Divulging information about oneself
I am selling a commercial building in Mass , Signing a P&S in a day or so, closing in about 60 days. I am looking to invest in Florida using a 1031 exchange. I am looking to shield about 1.8million in gain, I mig...
Isaac Velez
Landlord tenant responsibilities
In Florida i live/rent in a single family home that was devided into four separate units almost like a house hack but the water/plumbing and electrical is spread use on one main devided between all four units, just to...
Jimmy Lynn
Budgeting for Your Property Rehab: Tips and Tricks for Keeping Costs Under Control
We get asked this question a lot. Here are some things to consider. Define Your Budget: Determine your overall budget for the project. Consider factors such as the scope of work, materials, labor, permits, and contin...