Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...
Has anyone requested an appraisal to resolve an insurance payment dispute on a claim? (IE: If your contractor's estimate to complete repairs far exceeds what the insurance adjuster approves and the insurer won't budg...
Hi Everyone,
I'm looking for advice as a newbie on what to do with $100K set aside to invest in real estate. What would you do with that money if you were me? A couple of quick things about me for context:
- I'm 30 ...
Hoping to get some insight on an opportunity I have. There's a fourplex I'm looking at, seller asking 550,000 that I can qualify for with an FHA, 3.5% down, using the rents from 3 of the 4 units. I love the idea of ...
Hey guys!I am getting pre-qualified for a loan, we are planning to do a 1031 exchange.The realtor referred me to 3 lenders, 2 of which never done 1031 exchanges. Does the loan officer need to be knowledgeable about 10...
Hey All!My name is Nick Miller. I just graduated college last year from CU Boulder (Sko Buffs!). I am a New Jersey boy at heart and have always been entrepreneurial-minded. I have always been interested in Real Estate...
Is it better to make tenants put utilities in their name or to keep it in your name and just bill them directly for it? I haven't read much about landlords doing that, but it seems like it would be simpler in the lon...
Hello all!
I am looking into taking my real estate licensure exam either in Feb or March for NY state. After obtaining my license I seek to build up my network to get the ball rolling with real estate. I plan on pu...
Hi! I'm hoping to get input on a mobile home deal. This park has 25 spaces being sold as a package (19 in one park and 6 in a smaller park down the street). They are on city utilities but there are no separate water/s...
Townhouse in my name. Mortgage with the bank is 2.75 percent in my personal name. 28 years left. Deed is in my name. Bank won’t let me change the mortgage to an llc, said I have to pay it off and refinance with a comm...