Julie George
Creation of new LLC + Heating costs in Chicago
Hi there,
I am a landlord in Chicago and working to send a new lease out to tenants. I have a few questions:
1. I have set up an LLC for the first time, and I am wondering how I go about signing the lease as the ...
Cliff Harrison
Inspection Report - Drain Pipes - what do you think?
Hello all,I have a rental purchase opportunity that is at a decent (not great) price compared to rent income (will cash flow positive) but inspection report came back with these scary pictures from the plumbing system...
Rebecca Rezabek
Lincoln Nebraska: Tree Branches Responsibility
One of my rentals has a tree that the branches are brushing on the neighbors roof. Do you know if it's legally my responsibility to hire someone to trim the tree or is it the neighbors? Rental is in Lincoln NE. Also d...
Michael Iozzia
North Jersey House Flipping
I have been looking into multi-family investing or single family flips in Hudson County, specifically Jersey City, however the pricing just doesn't make sense to me anymore. I don't believe this is a good point in th...
Dan Krupa
How to save $13,000 on a sewer main repair
Background: Our client bought a fourplex property (two duplexes) two years ago, and an inspection showed the sewer main on one unit was bad. We negotiated the purchase price down by $50,000. Recently, the sewer line s...
Jeff Morrison
Flip house w/ private well water
I am considering looking into a house that I found to flip, that has a private well for water, it has public sewer. Looking at the pics online, it looks like it needs approx. $60-70k worth of work. I did go and see ...
Blake Dowe
Is this HELOC worth it?
Hi BP! Much of what I've been researching has shown that the best way to prepare for the (potentially) upcoming market downturn is to save cash and open up lines of credit where possible. I went through the process of...
Jake Engle
Best way to utilize 60k line of credit
Hi everybody,
I am new to the forum and very intrigued by the level of support most of the users seem to provide each other. I am hoping some of you savvy investors could provide some insight on the best way ...
Buddy Holmes
Active-Passive and Passive-passive loses and the $25K deduction
Help please in learning how passive losses can offset Cap Gains.I watched Brandon Hall's great #45 Daily Smart Tax video but my Turbo Tax seems to have a different opinion.
Form 8582 calculates Passive loss Limitati...
Jeri Clark
Has anyone used Seed Capital?
Has anyone had, or know of anyone that has had, experience with funding from Seed Capital?
They promote that you can get a credit line up to $2MM at 0% for a year, but even with great credit I was only pre-approved f...