Ryan O.
Appraisal Woes
Long story short, we just completed a rehab put it on the market a couple of Fridays ago, and had five offers on the property by the end of the weekend. We had several offers at or near list price, and decided negoti...
Alex S.
Escrow shortage, so Mortgage going up to cover it, and losing cashflow on Rental Prop
Hello! Realtor and Investor here. I've got a rental that was a new construction in 2022, so no property tax was defined yet (based only on land value. First year was fine on property taxes, and we were cash flowing ...
Michael Bettencourt
Do property taxes ever decrease?
Has anyone who’s been at the game longer then me ever seen property taxes decrease in an area? Or once there implemented it’s almost impossible to go back? I have an offer in on 2 Duplex’s in Lake Country IL. With 3.2...
Layla Rahm
Continue renting or sell - need advice
Hello. I own a property in Atlanta that I purchased as a foreclosure in 2008 for 340k. I completely renovated it and spent about 60k on it. The two mortgages on the property are $2400 total (of which $350 is principal...
Mohammed Quadeer
long term carryover loss to offset depreciation recapture
- Purchased strip mall in 3/2003 in Chicago, IL for $4,800K- Sold it in 11/2017 for $4,660K- Closing costs for purchase/sale $600K- Capital improvements $300K- Total depreciation claimed over the years $2,300K- H...
Jay Hurst
The fed just cut mortgage rates right?
Well, no, the fed cut the fed funds rate which is the rate that big banks lend money to each overnight. Therefore, the Fed decides what the shortest-term loan cost will be. The market decides what every other interes...
Wade Luhman
Long Term Rental Property Refinancing Frequency
What is a good general strategy for thinking about when to refi a rental property to pull out equity that you can use to continue to scale your business? Are you doing it based on time and the current financial produc...
Jack B.
Should I let my tenant pay for this AC repair?
I told them when they moved in the hot tub and AC were luxury items that came with the house, but if they break I would not be repairing or replacing them. I can't recoup the cost of a 15K hot tub replacement by raisi...
Christopher N.
Buy Primary Residence vs. Fix and Flip vs BRRRR: Best First Step?
Hey there! I'm just starting out so pretty much a wannabe investor, and looking for advice to make sure I'm on the right path.
I'm actively looking for my first investment property.
Right now I prefer the fix and f...
Travis Bohling
Stop Inspecting Occupied Rentals
Landlords and Property Managers should stop inspecting occupied rentals.For residents, an inspection feels like a prison shakedown without the cavity search.For owners, negative goodwill with the residents and some ph...