Brady Mullen
Real Estate Investing and Traditional Financial Planning
I spend a lot of time thinking about how to apply my financial background (18 years as an independent financial advisor) to the choices we all must make about real estate. I'm talking about choices like renting vs own...
Collyn Bennett
Big success for first STR how to grow from here?
Mid 2022 I listed my first short term rental. It is a detached garage that I converted into a guest house. I designed the floorplan, finishes, and even did almost all of the renovations. This place has been almost 100...
Frank S.
Depreciation Method Error - SL vs 200DB in 2017 Sch. E.
Hi there, While finalizing my 2018 taxes, I found an error on my 2017 Schedule E, Depreciation calcs.In 2016, my accountant used the straight line depreciation method for "Appliances". The following year, I used the ...
Andriy Boychuk
Tax deduction for gut renovation 1920 house
Hi,
I bought 1920 house and gut renovated it. Is there any tax deductions for renovating old house?
Collin Hays
Two fallacies to avoid right now: Sunk Cost Fallacy and Recency Fallacy
I hear from a fair number of folks that are ensnared by one of these two fallacies right now.The first one is the "sunk cost" fallacy. The sunk cost fallacy occurs when we feel that we have invested too much to quit....
Antonio Bodley
Should I care or leave that up to the end buyer?
Should I care about buying homes in awful condition and in poor locations as long as there is an end buyer that buys junk homes in poor areas? My thing is this. If someone buys and rehab a junker house in great condit...
Julie George
New clause in 2023 Chicago lease
Hi all - I've been using the standard Chicago Realtors Association lease for years and noticed they added a new section in 2023 to the bottom of the first page that now says you need to be a member of CAR or that the ...
Robert Hursey
Networking in the STL Metro East
Hi I'm Rob. I'm new to the site and I am looking for networking opportunities in the St. Louis area, specifically the Metro East region. I do not see anything posted, but I did go to the most recent MEREIA meeting. ...
Steve S.
Double success story in Anaheim, CA
I'd like to share the success that my client had with his most recent flip. We provided the fix and flip financing for my client who bought this home in Anaheim, CA last year for $368,000. He got bogged down and slowe...
Sean Fisher
Apartment building loan
Exploring options for financing first apartment complex that is 16 units. Looking for long term debt. Does anyone recommend any certain type of loan product? Freddie or fannie mae loan? Anyone have available current r...