Account Closed
Loan servicing company or Note servicing escrow company
Hello,I have recently bought a property subject to existing financing in Illinois.I am planning to sell this house on owner financing. The monthly payments from the buyer needs to cover the monthly payments of the loa...
Jehanzeb Beg
Lease expiration - Chicago tenant
Tenant lease is expiring on may 31st. It’s family with husband/wife and a brother in law. They split rent. I wanted to ask them if they want to continue to stay month to month or leave at the end of lease term. The te...
Joseph Ruiz
Income approach vs comp approach for a sale price and buy price
Hello bigger pocket family. I am needing some advice and a good rule of thumb for Appraised values. On a duplex rental property. Comp approach vs Income approach. How close in relation are these numbers? I have a disc...
Ryan Kephart
Taxes on Flip Project
Hello,
I just bought a property for 160k in 2022, spent roughly 40k on it, and sold it for roughly 210k in 2023.
I'm confident I will be able to figure out how to write off the 40k on my 2022 tax return. I think I ...
Mesa Mao
Buying Turn key rental.
Hello all, has any of you guys purchased your rental from a Turn Key operator? Who did you use? How was the experience? And i assuming they are all cash flowing right? Thank you.
James Herbert
remote landlord suggestions
What online tools are you using for remote landlord? We are looking to purchase a property (multifamily 12 and 12 doors) a few hours away and the current management fee makes the deal not worth purchasing. After covid...
Brandon Chandler
Pay cash or Finance a turn key duplex?
Hi all,
I found a turnkey duplex that I will be making an offer on soon, and was wondering if it would be smarter to finance the deal conventionally or find a lender and pay cash for it. This is an off the market pro...
Jorge Vazquez
Start small, build a trusted team!
If you're interested in real estate investment, it's important to keep a few things in mind for success. Begin with small investments, build a team you can trust, and aim for a return on investment (ROI) of 10%-12%. W...
Yu Chen
Pheonix AZ buy and hold
Hey Everyone,
I've been doing some research on where to put my money for buy and hold rentals, I was looking at Pheonix AZ. Seems pretty promising. What are some area codes specifically will i be able to find "B" nei...
Joseph Duenas
Refinancing a property bought with cash.
I'm hoping to get a good answer from the financially savvy folks here: If a person bought a house for $50K that was valued at $100K, using cash from a line of credit, could the person then turn around and immediately ...