Alan Brown
recaptured depreciation is killing me! accountant help
Hi I'm pretty sure I'm an idiot, but I'm getting slapped hard for it (again!)... I always thought that depreciating your property (and getting a tax write off for it) was permanent... So, a few years ago when I had a ...
AJ Spile
Gentrifying Neighborhoods in Los Angeles
Hi All! I'm looking to identify my target location for my first real estate investment. I understand Los Angeles is a tough area to get started, but I believe I can find a way to make it happen. Before I do, I'm tryin...
Eric P.
First time filing taxes as a landlord, questions...
Last year I bought my first two rental properties in Michigan. I've been keeping paper receipts in folders all year (gutted and rehabbed them), didn't really have the time earlier to do anything else with them. Now I ...
Christian Bors
New lead motivated seller, I need short sell advice
Hello,A lead came in today from a gentlemen who wants to sell his house immediately. I went out to the property this afternoon, and I would classify him as extremely motivated (aka he offered me the keys). The probl...
Jarrid C.
Preparing to enter the Game- Need insight
Hello all! I am currently in the starting process of trying to get into the game. I am a newly wed and I have just transition into my profession as a school teacher. I am currently renting, not in position to buy t...
Felicia Richardson
Fannie Mae HomeStyle
Hi all!It appears to be a shortage of Lenders (GA) that I'm finding that have the Fannie Mae Homestyle product. I was looking at homes on Fannie Mae Homepath and I'm interested in buying a fixer upper. In comparison t...
Account Closed
"Decontrol" the rent control in SF after ownership change?
I am looking into a property in San Francisco. I was built in 1960's, no HOA, zoning is RH2 but the tax record shown as SFR. Currently there is tenant live in with rental control. My questions if I purchase this pr...
Juan Alvarez
FHA loan for beginners
Hello,
I am new to the real estate world. After doing some reading, I believe it is best to start off with an FHA loan. My question is on the requirements. I am wanting to finance a duplex, you know do the house hack...
Ayman Elmasik
Houston flood home that would not sell - exit strategy ALF
Hello,I have a house that was flooded in Harvey (Aug. 2017) for the first time (to my knowledge as I bought it from a wholesaler with no disclosure) .The house is one story with three bedrooms (one of them is a master...
Cecilia Arnulphi
Homestyle renovation loan in RI
Does anyone know of a lender in Rhode Island that specializes in Homestyle renovation loans?
I was referred to a 203k lender but he never heard of the Homestyle loan for investors.
Any information is very appreciate...