Bret Schilling
Cant find owner of vacant house
I am a first time home buyer and there is a vacant home in my neighborhood i am interested in. However, i cannot seem to find who the owner is. I tracked down land records and deeds and still have gotten nowhere. This...
Nat Serrano
Capital gains tax if unemployed
hi all, I've read a lot of capital gains but still I don't get answer.I bought a house in 2016 for 200k, lived for a a few months, then moved and used it as rental property.In 2022 I refinanced because of the low rate...
Sharad M.
How much would you pay for this building?
Hello all,
OK so it's a 8 unit building with 6 3br units and one 2 bd and 1 bd each. The rent is as follows:
Six 3 brds - $825/each (tenant pay their own utilities)
2 bd - $650 (tenant pay the utilities)
1 bd - $700...
Steve Franco
Investing in Parking Spaces
Hey All,I'm in Chicago and my girlfriend owns a condo in Bucktown. Recently saw someone selling a deeded parking spot because they dont use it. I had a thought to start buying parking spaces at condo buildings. In o...
Terry Royce
Developing a Niche Wholesaling market
I have been thinking about trying to develop a niche wholesale marketing strategy to angle towards Hispanic homeowners in Baltimore City. One of my close friends is very fluent in Spanish and has a few ties to residen...
Alex Shaughnessy
flipping w/ a partner
It is my understanding flipping houses is taxed at ordinary income. If the house is held for one year then it is taxed lower. Is this true, and if so, would it make sense for my partner and I to flip the property, ren...
Dennis DaPrile
Flip in an Over 55 Community
Investment Info:
Single-family residence fix & flip investment in Manchester.
Purchase price: $27,500
Cash invested: $75,000
Sale price: $154,000
We bought this 1200 sq ft home in an over 55 ...
Judson Krosney
Opportunity Fund for 1031 Exchange
I have a property in Ft Lauderdale FL that is a STR. The price of the house has tripled. I am considering selling but do not want to pay the tax. I therefore considered doing a 1031 exchange yet the challenge is to...
Larry Fried
Assignment Fee - Deductible or Need to Be Capitalized
So, we bought a distressed home and rehabbed it, now about to rent. I understand the purchase and rehab cost have to be capitalized and minus land value, depreciated over 27.5 years.My question is one of the assignme...
Kyle Jacobson
Buying out a Mortgage?
Hey, First time post, we are just getting started, have been listening, reading, and analyzing properties. We found one on Craigs list, it is backed up by a MLS listing. It is a Duplex, in fairly rough shape, would ne...