Timothy Gerdes
Questions about what metrics to track
My brother and I own 4 different multi-unit (2, 3, or 4-unit) homes in Michigan. We have purchased them over the last 4 years or so. We kind of jumped into the whole thing without doing a ton of research. I feel li...
Rebecca Helm
Should I buy my rental (duplex)?
Hello all--new to the real estate thing. My landlord is selling my duplex, which I currently rent one unit in. It's walking distance to a major university, walking distance to downtown, Whole Foods, Trader Joe's etc. ...
Christopher Lim
Splitting the water meter, is it worth it?
Hi All,My water company called out of the blue to have the water meter replaced; they are planning to replace all the meters in my neighborhood as part of their upgrade cycle. I figured this could be a a good opportun...
Jinyu Shao
Do I have to rewire the electricity in my multi-family rental?
Hi all,
I need some advice on how to handle a situation that might require an expensive rewiring of the electricity in our home.
I have a duplex in Queens where I rent out the first floor and live on the second fl...
Allen S.
Cost-segregation and 1031 CPA opinions?
Hello everyone...I just sat down with a potential CPA to discuss my taxes and potential real estate issues. She told me that she had plenty of experience with real estate and that many of her other clients have inves...
Stefani Mokris
Financing a property with a LLC
Hello!I would like to know if I want to finance a property using a new LLC, are DSCR loans my only choice for financing?Thank you!
Matt Pulkrabek
Open Door Capital and K1 Investment losses
My question is regarding passive real estate losses. I am a real agent and investor, therefore I am considered a "real estate professional" for tax purposes. With that being said, my accountant has always allowed ...
Lesley Resnick
THIS FLIP WAS A HOME RUN!
This was a project I did with an out of town investor, the house is in Jacksonville, Florida and he lives on the west coast. Originally he was reluctant to buy the house. It was under contract 2x. He almost talked him...
Renee R.
Eviction for nonpayment of late fees
I have a tenant who has been late with rent payments since August. He's currently paid through Sept, but hasn't paid Oct. He has racked up $360 in late fees. He said Oct rent is 'in the mail' and that he can't pay the...
Andrey Y.
Return on Equity - Analysis and Strategy
I wasn't sure the appropriate subforum for this topic, since a few seem relevant.I decided to calculate ROE on 3 properties I own in Oahu, Hawaii. I used exact mortgage balance and used in-building comps to calculate ...