Ken P.
Does an HOA owe federal tax when selling a foreclosed unit?
A condo HOA where we have a number of units and where I sit on the board is being told by our accountant that we owe tax on the profit on the sale of a unit owned by the Association. The Association has owned it for ...
Eliott G.
Estimates for HVAC and Water Heater
I had an HVAC system and a water heater stolen from one side of a duplex. Just curious...what kind of cost am I looking at to replace them. Since these are low-middle class rentals, I don't want top of the line...ju...
Terry Portier
How much you making on builds?
What percent, and how are you taking your profits in materials and labor or sale of home?
Michael Mackney
First rental property not cash flowing
Hey everyone. I've had a duplex for the last 5 months in a C/C+ area. Original numbers and inspection report made it look like on paper that I would be cash flowing after raising rents to market rents but month after ...
Mary Jay
Help please to pick tenants
Hey guys, could you please help me out? I have a house and I’m trying to pick between a few tenants. The house stinks because there was some animal poop or something and I don’t have time and money to replace the car...
Kevin Parekh
Warehouse, how do you comp? Cap rate?
I have the opportunity to buy a 15,000 sq ft warehouse from a failing business. Right now it looks like the owner will QCD (I can get a Warranty Deed, if needed) and get it at a great price... I think.I have a lot of ...
Karah Collins
Home too dangerous to enter?
Hi all,Was browsing new listings this morning and saw a home on the market that looked really great....aside from the giant hole in the ceiling over the kitchen! Apparently the home is now lender-owned and has been de...
Jorge Jimenez
Can I use a 1031 to buy the rest of a bldg. I partially own?
Hi all!this is my first time posting so if I goof on etiquete or post something in the wrong place let me know! Thanks. I own a 8 unit apartment building with my sister as tenants in common. I would like to buy her ou...
Christian Walker
Smartest way to buy this deal
Okay so I want to buy this deal but need the smartest approach to buy it. So I am buying it for 48k, it’s appraised at 60k. I can’t add much to the value, maybe get it up to 70-75k. It has two units on it and can get ...
Dustin Crawford
First time BRRRR financing options?
Hello all,
I am preparing to buy my first property, and am convinced that I would like to begin with a sfh using the BRRRR strategy. I originally was planning on buying the property using bank financing, and offerin...