My family owns a duplex in LA free and clear. Due to rent control, these properties are generating about 20% of what they could, it is bad. The property is in one of the most popular neighborhoods in LA and I think ev...
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Hello everyone!
My name is Daniel Suarez and I am from Miami Florida. I just graduated college as a Civil Engineer and luckily I already have a full time job at a great company as a land development engineer....
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Assuming I can purchase, rehab, rent and refi out all cash outlay while retaining 10-20% ARV equity while the property continues to support > $100 a door / month cash flow after expenses. Tell me why it doesn't mak...
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I am screening a tenant who is more than 40 years old. She passes criminal and eviction checks, but not credit check. My minimum FICO score is 621. The service I use just tells me whether she passes or not - nothing m...
I am looking at a 29 unit apartment building (brick/flat roof) that is worth $2.2M. It is 100% occupied and needs $100k in upgrades (value added items only) plus parking lot pavement of another $60k cost. The seller...
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Hello all!I've been doing my research for about nine months now and am ready and pre-approved to make my first investment. There is a hot area in my metroplex (DFW), that has great school systems and the average home ...
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I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?
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After owning real estate in Spain for several years, i decided to sell my portfolio and come to the US to start my real estate investing journey here. I have been reading and listening to many books and podcasts as po...
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Hello,I have a rental property in NJ where majority of the mortgage is paid back and about $35K is pending on a $550K house. The problem I have is that I took a 7 year ARM at 3.5% interest which expired last year. The...
I couldn't think of a better topic name but the title sums up our situation. Here it goes - I'm representing my uncle to purchase a property in the Los Angeles area. I'm not an active realtor but am licensed and tryin...