Kyle Galloway
70% Rule-Please explain?
I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
Chai Jonn
Self Directed IRA LLC/ Solo 401k for Real Estae investment
Hello Folks,I am trying to get some clarity on how to proceed with Self Directed IRA. I have a ROTH IRA at Vanguard and ROTH 401K at T Rowe. I like to combine these both into either a Self Directed IRA or Self Direc...
Roman Porshnev
Gainesville - New Investors
Happy New Year, everyone! A friend and I have very recently taken the leap into the REI world. Although we are currently in New York, my friend has spent a fair amount of time in Georgia and Florida recently, particul...
Keani Le'a Barnes
LLC for Managing Rental Properties
Aloha Everyone! My husband and I are born and raised in Hawai'i trying to go beyond affording the "price of paradise"...We recently began investing out of state in Ohio and closed on our first property 2 weeks ago. ...
Randall Degges
How to Handle Business Banking / Bookkeeping?
Hi there!I'm a new REI and am closing on my first rental property (a SFH) today. I'm also closing on another in a few weeks. I'm planning to acquire 20 properties over the next year and a half or so and have funds set...
John Suralik
Using HELOC to Make "Cash" Purchase of Rental
I recently completed the renovations of my primary residence. The ARV is 195K and the first mortgage is for 78k. From talking to a few lenders who do HELOCs they will lend up to 80% of the home minus the first mortgag...
Eden Safdie
QUESTIONS !!! LLC's & Commercial Loans VS. Partnerships
Hey All,Ive got this deal i'm looking to structure with a partner. Its our first investment, and were going 50/50. Were going into a "C" class neighborhood and the numbers are as follows:Purchase Price: 39KRent: 850 /...
Nick Fegley
Newby from Yorktown VA
I'm Nick Fegley. I sure wish this site would let me upload a pic from my iPad or iPhone!
I'm in the military, bought 4 places, lived in 3 of them, and have sold 1 with 1 pending. I want to learn how to do my taxes for...
Spike Scarberry
Want to relocate for real estate
Total newbie here. Sorry if this has been asked before. I did a search and all the discussions were a couple years old.I currently live in LA and want to move. Overall burned out on the city but a big reason for that ...
Richard Chang
1031 Exchange - Existing Loan and Depreciation Recapture
Hi all,I am considering doing a 1031 Exchange of my Duplex Rental Property which has been straight line depreciated for 25 years. with an existing loan of about $250K.1. If I understand correctly, the depreciation cap...