Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Chris U.
Closing TOMORROW - Emergency Replacement Mortgage Needed
Hey BiggerPockets, Didn't think I'd find myself in this situation. We've been working with a mortgage lender the last few weeks and have already signed the closing disclosure on a $170K investment townhome. Our closin...
Timothy Christian Jr
Determining if your Cap Rate is good or bad
I determined the cap rate for this duplex in Greenwood, Indiana, earlier today, and it was a 7 cap in a B class neighborhood. How can I calculate my market cap rate (CR) with this data? How can I determine if a deal i...
JaNae Anderson
Out of state investing
I’m looking for REI groups in the Bay Area that specialize on investing out of state.
Morris Hicks
Inherited 50% Sibling doesn't want to put the house on the market
In my attempt to make this post short as possible. I'll jump right in. First off id like it to be known that am the disabled son of a Vietnam vet. (Agent Orange but not recognized, fixed income, divorced father of th...
Richard Cook
Dipping toes in the water - Air Force Investor in Ohio
Hey all, my name is Richard (my friends call me Dan). I am 26 years old and my wife and I have been blessed with a modest inheritance. We currently have the money invested in mutual funds and are getting modest return...
Wane Tango
Comps and ARV?
How do I learn how to become good at comps and/or ARVs? I have been told over and over how REIs make (or loose) money at the time of purchase. I am unsure how to become good at this, find more information, and how to ...
Rich Weese
VERY long and a little scary....
This is VERY long but VERY interesting. Feel free to dispute any of the "facts " listed if you can. If not, start worrying, imo. Rich
The Wolf Family immigrated from Austria - Tyrol - in 1883 leaving behind one c...
Edouard Pierre
Cash for keys in Chicago - Best procedure?
Hi! I'm in Chicago and in the process of closing my first property where I'm inheriting tenants that haven't paid in a while. The situation: 7-unit building where the top two units are family and are both not paying r...
Chester Wang
I have 50k to start, where should I invest
I have 50k to invest. Wanna buy multi families and apply brrrr strategy . The 50k will cover 30% down payment ( i am from canada) , closing cost, reno. Just wondering if that's enough. If yes, any place recommended ...