Megan Penman
Purchasing a home with current tenants? in KCMO
I am looking to purchase my first rental property using a HELOC- thoughts on buying a home with current tenants inside? M2M on one and a year lease on the other-thx
Ryan Veatch
Can I purchase multiple lots under one note?
My dad and uncle recently inherited 4 adjacent plots of land, 1 of which has a house on it. I'm planning to purchase it all from them as a solution to their worries on what to do with it and an opportunity for me to t...
Anthony Morris
First property purchase - and it's already heading south
So I just made my first BRRRR purchase last week in the DFW market. I actually started back in July and moved finances to be ready for a deal. After months of waiting, i found a property from a wholesaler that met t...
Joshua Smith
Purchasing a property in Pittsburgh through seller finance
Good evening,My wife and I have the opportunity to purchase our first investment property, her mom's house. We are newbies in the game and we want to do seller financing to take over the mortgage. We live in the Pit...
Tairsa Mathews
What to do with Rental expenses after purchasing.
My wife and I just purchased our second property that we are using as a short term rental. When I used the calculators to run numbers I included numbers for maintenance and capex. My question is after you collect your...
Ashley Carr-Lewis
Purchasing two homes, two lenders, same day closing
A few of us have been trying to figure out if you are able to use two different lenders to then buy two different homes, then close on both on the same day. Is there any issue with this? Frowned upon? There would be 2...
Chinyere Okoli
Using a Shelf Corporation to Purchase RE abroad
Hi!I am currently living abroad and want to get into real estate investing. I was told that it was possible to buy a shelf corporation in the US to get a loan from a bank to start purchasing RE abroad. Does anyone hav...
Brad Piper
Purchased my first buy and hold rental property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $260,127
Cash invested: $2,500
This is a house in a B+ neighborhood in super desirable area. It is an older propert...
Kristian Wheatley
What to look for when purchasing a condo
I've been searching for my first property and I decided to start with a condo in Chicago. I found a place that isn't perfect but has a lot of potential and is in an AMAZING location. When walking into the building I d...
Angie Oshea
Valuation for Depreciation - Property was purchased under value
I have purchased a property for $10,000 when in actuality the property is worth over $250,000. How do I figure out the land vs. building value for depreciation on my taxes? There is not assessment because the proper...