Brian Nel
What due diligence in determining cost basis for depreciation
In reviewing my taxes for the upcoming year, I've been looking more closely at my Schedule E and reading more about depreciation and cost basis. I know that your cost basis needs to be accurate, a number the IRS agree...
Jared Fisher
Refinancing a hard money loan
What is the process like for refinancing a hard money loan into a conventional loan? Is it easy to accomplish within a short period of time like within a couple months?
Will K
Analyze this deal: 40 unit MFH
Two separate properties for a total of 40 units, all 2br/1ba.
In a C-/D location of big city in the south. Average rent of all 40 units is $450/mo with $450 deposit. Tenants pay all utilities except water. (what ave...
Rick Rolfe
What’s your experience with the Azzam Group/Remax Haven Realty?
Hello. I would like some feedback please. What has been your experience (pro and con) with the Azzam Group/ Remax Haven Realty? Thank you.
John Kwon
BRRR cashout questions (tax related)
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Nikki Harmon
How do you deal with offers below your contracted price?
I am not a wholesaler, but I am curious, especially after my thread about a wholesaler that misrepresented himself to me. Now, there is a lot of debate about the wholesaling topic over there, but something came to my...
Brian Christoff
How many applications to give/accept at one time?
New to renting / landlording. We are renting out my fiance's house and after only 36 hours of having the listing posted, we've had 16 inquiries thus far with several folks stating how very interested they are. Havin...
Mike Bitette
Need Advice on Buying Homes at Auction
My partner and I are looking to get started in investing in Fix N Flips. I've been looking into buying homes at Auction. I was wondering if any of you with experience in this can tell me if what I learned so far is co...
John Solotarow
Best way to invest with my 401K for Investment Property?
I am 64 years old, working and am saving 401K offered my my employer. I'm planning to retire in one year but instead of depending on my 401K as my sole retirement fund, I wanted to buy a rental property to supplement ...
Sandy Uhlmann
Journey of a newbie 2nd lien owner-Foreclosure Sale Question
I purchased a note in 2nd position several months ago. HELOC with original amount of $100,000 UPB of approx 75,000. First is current with UPB of just over $100,000. House seems to be worth $170,000+. Homeowners cur...