David Nacco
Setting up an LLC as a real estate agent
Does anyone have any experience setting up an LLC for their real estate agent business? If so do you have any reasons why you would or would not do it again or why you chose not to in the first place? I am considering...
Kabir Gandhi
Deducting Losses on Sale of Primary Home converted to Rental
I purchased my primary residence in June of 2017. I overpaid for the property, this was a rushed purchase after a move to a new city. Horrible financial decision. If I sell right now, I will lose a good chunk of mo...
Seth Hudson
8plex for sale at 150k but appraised at 88k
I am looking at an 8 plex as my first rental property. it was built in 1987 and comes with renters whom have been there anywhere from 2-6 years. It cash flows 100 each unit coming out to 800/ month. The seller has off...
Andy Fernandez
How I calculate a future value of a rental property
The question is how I calculate the ARV of a property to put into the analyzer at to do the final calculation. The analyzer ask for purchase price, After Repair Value ( ? ) and cost of repairs.Questions:
ARV of the ...
Terri Donovan
Another Partial 1031 exchange question
I cannot find the answer to my question. Hoping someone here will help me figure out tax consequences of this scenario: Purchase price 150KImprovements 118KDepreciation 77KSale Price 450K So my gain is 450 - (268...
Thomas Don
Buying a fourplex/All cash discount?
So I've been reading books and I'm ready to make my first purchase in the rental market fairly soon.
I have been considering fourplexes and have found a few in an area I think will continue to grow in the next few y...
Daniel Thomas
Cap rate
I am just starting out. I currently own two properties and am looking to get serious and start growing my portfolio. Should I look for properties with a cap rate of 10? For example, purchase price is 84000 then rent s...
Nick Scalero
Self-Directed IRA Business Structure - Feedback please
So I have this chunk of change in my IRA. I found a company (NAFEP) who will be the custodian for a small fee. They will setup a Trust for me and buy interest in the Trust from the cash in the IRA. The cash will ...
Michael Zuber
Complete the following – 2010 will be the year I ….
When I talk to new investors they most frequently are either stuck in the I want to buy cash flow properties or the mind set of I have no money and thus must wholesale or worse yet can’t get started. I frequently s...
Dave Stevens
advise on making a short sale offer
Hi guys, newbie here working on my first short sale. I just got a payoff figure form the lawyers, here is the break down:
Principal Balance: $ 325,243.93
Interest: $ 12,499.86
Late Charges: ...