Bryan Okolo
Potential multifamily purchase
Hello, I have a potential deal I'm about to close on in Philadelphia PA. It is a multifamily duplex in point breeze area for $210,000. The taxes on this property is about $1,800 a year. I would live in one unit, whil...
Alex M.
Bank account for rental properties
So I am about to collect my first month's (plus last and security) rent on my first property - rental application in, background checks complete, initial deposit provided in the form of a check... but I don't have a b...
Kelly M.
What to do with $100K buying notes and\or securities
I have 100K to invest at the moment and I would like some feedback specifically from "note and real estate" investors and not just "real estate" investors. I was very keen to purchase rental buy and hold property but...
Raghavendra Kulkarni
Need advice on 2 negative cash flowing properties
Hi All,My first post here. I started investing in real estate in July of last year and now have 3 rental properties. 1 in Alabama purchased through REI Nation and 2 in Port Charlotte Florida purchased through Rent to ...
Scott Roelofs
Multi-Family Valuation and Depreciation Expense
We attended an event that had renowned author, podcaster, and 2000 plus door owner, Rod Khleif. During his presentation, he made a point of why multi-family was so exciting that caught my ear. He spoke about the valua...
Nahal Beckam
Ein number for partnership
Hello, I just aplied for an EIN number under the category of partnership since the rental belongs to me and my husband. We are individuals managing our rental ourselves. I wonder if we need to file some additional tax...
Tal C.
Tax tips for American investors living abroad
Hi Everyone, I am a noob here and new to investing in real estate as well. I am currently living in Israel (dual citizenship), so I am required to report taxes to the US and Israel. I was thinking of buying real estat...
Jay Grabbe
Offered deals for buy and hold
I had a couple deals on the table, to tell them yes or no.Sfh $89,900 estimated value $97,000, built 793 bed 2 bath, 1630 sq ft, slab, no garage, says no city taxes?Numbers from agentRent 925, taxes 828yr, ins 600/yr...
Ryan Boren
RATE MY FIRST HOME
Just closed on my first SFR and the numbers are as follows:Purchase Price - $33,000.00 (Do not be alarmed in my area this is common)Closing Cost - $5,703.05Cash to close - $8,8411.93Loan Amount - $26,400Appraised Valu...
Jaylen Edomwande
Real estate CPA near Dallas
Hello all. I'm looking for a Texas based RE CPA to review our Financials, create a strategy for us, and handle our taxes moving forward