Jon G.
LLC Financing Question - Personal Credit Maxed
My business partner and I purchased a 3 flat in Chicago for $325k about 3.5 years ago. We are currently getting $4300 in monthly rent - Soon to be $4600. We formed an LLC immediately after purchase. We have bee...
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Reggie Youngblood
Help With Offer On First Apartment Complex
I came across a seller that was looking to sell a 8 unit apartment complex out here in Houston. Problem is, I have no idea on how to evaluate the property to make an offer. I have the rent roll and P&L statement...
J Mags
please help me advise my parents
1. My parents are trying to decide whether or not to payoff the mortgage on a single family rental they own in Las Vegas. 2 I'm trying to do a ROI analysis so that we can compare whether or not they should keep the...
Helen Rolls
Real Wealth Australia
Hi All.I'm curious as to whether anyone has heard of this group and what you've heard/experienced.They seem to have an interesting model, and I am thinking of signing up. They are offering a 24 month education and me...
Tricia O'Brien
Does Property Manager Needs W-9 for tax reporting?
I have rental property income from one single family home. I have always reported the rental income on Schedule E ("Supplemental Income and Loss") form with the IRS and not schedule C because I hold title in my o...
Curtis Hallenbeck
401k Withdrawal Penalty free upto $100k
Just found out I could take up to $100k withdrawal from my 401k without the 10% early withdrawal fee. Anyone else taking advantage of this opportunity? I see it as a great way to get started on my first BRRRR.
Maria Villamar
Helping a seller retire in Guayana
My seller has a nice portfolio he needs to sell ASAP because he is yearning to move back to him home country and retire. However, he has been less reachable in the past week and I have not been able to purchase such p...
Brandon Raeburn
Gross Rent vs. Airbnb Rent
Hey, I'm new to real estate investing but spent many years watching my dad and uncles do many house flips, brrr's, and rent holds. However, the events that always stood out to me was how terrible some of the tenants ...
Shawn Sparks
curious about net worth
I am new here and seriously considering REI I have been doing a lot of reading and research.. My question here however is whether or not the returns are worth it I see many posters talking about the hundreds of pr...