Erik Satterthwaite
Purchasing a property that has a squatter (New York State)
Hello all,I need some advice. I've been in communication with an exhausted landlord in upstate New York. He has a property that he wishes to sell, which has a "squatter" tenant that has not paid rent in ~3 years. T...
Philip Liu
Paying for upside potential on multifamily
Do you pay for upside potential when purchasing multifamily? Or should you only be paying for the NOI * Cap Rate?
Michael Masters
Buy Cars,Not sell them.get paid $2000 to $2700 a car???????
$2000 to $5700 A MONTH FOR 10 HOURS OF WORK!!!!!!!!!!!!!! We are a licensed car wholesale dealer headquartered in Florida and do business across the U.S. We buy and resell high end luxury cars. We are currently seeki...
Natalia Lebedev
Multifamily Laundry Services
Hello everybody!We are researching the multifamily laundry services for 16 units building in Chicago area. We would like to hire a company that would install two washers and two dryers in the basement. After that we w...
Audrey Zehner
Trying to sell my condo and buy farm, advice needed.
Good morning, first time poster, please forgive if I bypassed any steps before posting. I currently own a condo in La Mesa area of San Diego, CA. First time home owner. I purchased the condo in 2020 for $310,000 at 4%...
Alexander Straffin
Taking the next step - Second Home/Mortgage Financing
Hi All,I have a single mortgage on a townhouse which is my primary residence.My wife and I are ready to purchase a Single Family investment property in Massachusetts but our bank is telling us we need to have 25-30% d...
Hoa Nguyen
What criteria do Hard Money Lenders look at?
Just wanted to get a grasp of what criteria Hard Money Lenders look at when qualifying someone for a loan. I know experience is a big factor, but what about DTI? Credit? and any other needs I need to prep for when goi...
Sridhar D.
Sale of investment property after 12 months
I am looking to sell my investment property to my renter after 12 months. I want to know if a sale agreement offering the buyer (renter) the option to buy the home after 12 months a valid/legal contract in the state o...
C. J.
Is it OK to payoff a mortgage just prior to doing a 1031 exchange?
If a mortgage is paid off right before selling the home, can we exchange all the proceeds of the sale with no tax consequences?
For example, suppose a home is worth $400,000 with a mortgage of $160,000. If the mortg...
Ryan Kaysen
Calculating Capital Gains tax
what is the best way to calculate the tax due on the sale of investment property? I have had mixed results from different sites and would like a solid answer. They all seem to be pushing 1031 exchanges which I was not...