Kenneth Goldman
Private Money Lender Investment Structure
I am approaching private money lenders for fix and flip deals on houses. What is the best way to structure their investment capital since I am not putting any money into the deal? What is a reasonable rate of return...
Asha Carpenter
When renting is a washer and dryer a must?
I have a multi-family: 1 bed/1bath and 3 bed/2 bath that I will be renting. I will be responsible for the water bill while the tenant will be paying for the other utilities. I don't have a communal area for a washer a...
PJ Muilenburg
Deduct landlord cleaning fee from security deposit??
Can I deduct a cleaning fee from security deposit if I do the work myself, as the landlord? I can't find any information online regarding that specific issue.
Olivier M Ouedraogo
Backing out of a deal after inspection contingency expired
So we are under contact with a house built in 1904. The purchase price is 115k. Seems like a good deal because it will cash flow. The main problem is with the repairs. We relied on 2 contractors who estimated the repa...
Tyler Williams
1031 Exchange
Can the proceeds from an investment property (held in an LLC where I am the sole manager), be used to purchase my new primary residency to avoid capital gains tax?
"We occasionally stumble over the truth but most o...
Ashley Wilson
The Challenge to Multifamily Evaluations
Over the past year plus, multifamily has endured some difficult blows. Most would agree the top three are interest rates, taxes and insurance. Breaking these three down on the direct impact they have had on multifamil...
Alexander Parada
Houston Heights Prop
Hello Everyone I got a property free and clear I bought for 290k all in at 330 After remodels.
Rented out the back apt and the front property I would get a total of $3k a month which is 36k a year - 8k a year in tax...
Liam Naughton
Well I just overpaid... Don't do what I did
A pipe burst at one of my properties due to the cold weather.I called around to get it fixed and ended up going with a referral from someone at my brokerage.RED FLAG #1: He sounded rushed on the phone, he was in the m...
Sattir Bitti
Can 2 properties be exchanged using 1031 to buy 1 bigger multifamily
Hi All,Is it possible to sell 2 properties and use 1031 exchange to buy a bigger multi-family? If possible, is this a good strategy? ThanksSattir
Candyce Ed
Luxury Vinyl Plank for a long room?
Hi all, we need to redo floors in a long-term hold rental house. Property is mid range for the area and located in Denver (so tile would be too cold in winter). $1850 rent, value of house is $275K. It's an open concep...