I'm building a duplex in my backyard of my single family. Feel free to just look at this and offer any feedback. The architect just sent this to me and it's the first draft. I'll have changes, but haven't presented th...
Real estate rookie here. I was presented with an investment opportunity for a triplex in Minnesota and curious how you would analyze this deal.Unit #1 main level:3 bedroom, and garageUnit is empty Needs a new kitchen...
Hey everyone! I'm in Huntsville, AL working on an apartment deal with some partners down in Laredo, TX. It's a fantastic property with a ton of potential, and we've negotiated some great terms to buy it seller finance...
Hi All! - Has Anyone utilized Bonus Depreciation on their rental property? - Did you use a Cost Segregation Study or did you do it yourself? A bit of background: Generally with real estate.. you deduct the loss of an ...
How to Calculate new Property Basis in 1031 Exchange
Define terms:
Property sold
P1 = Original Purchase price of property exchanged
TDP1 = Total Improved Property = P1 – LV1
LV1 = land value when purchased
TD1 =...
Hi looking to getting my 1st property. I’m trying to understand how long should my loan term be I have been pre-approved for 30-yr loan but don’t really understand how it will make money. I know to make sure the rent ...
Hello friends.I did this deal in a tough philly neighborhood with my brothers, thinking the numbers were too good to be true. I found out quickly why they were not, but we held on and got the rehab done, tenant occupi...
I have decided that in less then two years (around Apirl 2023) I will be moving to Texas and this December I will graduate from college and estimated to make 50-60k a year with a job I have lined up. I currently live...
A tenant that has been with me for 3+ years (who always paid rent on time) has told me that she has been approved for section 8 assistant. I have never accepted section 8 and don’t know if accepting it with her now ...
Goooooood morning everybody!
Recently I was on one of the Zoom calls in a mastermind group that I am a part of where a member of the highest tier of the group was presenting his story to a bunch of the members of...