This is my very first post! I have been reading about Self Directed IRAs as it was a recommendation from a conference I attended (and paid quite a bit for) regarding real estate investing. The way it was described mad...

Hey everyone. I have one 3/2 residential rental property and want to scale up with a multifamily purchase. Do I need to start an LLC for each property? What other basic legal setup is necessary for managing rental...

Hello all, my family is planning to do a 1031 exchange where we sell a multifamily building we own in New York, to buy a piece of land in Texas and turn it into a manufactured home community. Funds from the sale would...

Maybe someone can clear this up for me a little bit.  I've been doing some searching but it's still a little hazy.  There is a property I'm interested in that has been abandoned for a few years now.  A childhood frien...

Hi, I'm a new real estate investor who is currently under contract for my first duplex in the metro Cleveland, Ohio area. The property is currently 100% rented. I used many different scenarios in my analysis of the pr...

My property was listed as a multi-family duplex. County and City Parcel information online reflects the current use as multi-family duplex. The transaction forms used during the purchase were all multi-family. I even ...

I live in Queens NY and had worked in the corporate world for most of my life. Last November, I lost my job and I decided to get into Real Estate investment and work for myself. I am new in the real estate field and h...

I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...

I'm planning to partner with a friend on two flips in 2014. We will each be contributing equal amounts of money to the projects. Since I only anticipate doing two flips next year I'd prefer to declare the profits...

So hearing everyone talking about doing cash out refi's to buy more property I did but it came back to bite me in the butt.I bought a rental house back in 2012 and naturally values went up so after a couple years I di...