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This is a hypothetical question based on a decision I will likely need to make. If you had to chose and approve one of these tenants, which one would it be?Assume both renters have the same amount of income, assets, ...
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I must admit that I struggle with bookkeeping . I always say that I'll do better on the next project or next year. This drives my husband nuts. One of my 2015 goals is to improve in this area. My strategy is to tackle...
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Economic Update
(Monday, July 27, 2020)
This week is a good week for real estate investors (particularly if you have a house for sale). Existing houses sales are up, new home sales are up, inventories are down...
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Hello,We are buying our first duplex. After the inspection about to ask for a price reduction. Since this is our first time I was wondering on opinions of others on how much to ask and how to include the cost of labor...
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My Strategy is Buy and Hold a Duplex in which I plan to live in one and rent the other (if I can afford it); and my niche is an area within 50 miles from O'Hare International Airport, Chicago, IL. It took me months be...
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My husband and I bought a 3 bed 2 bath house in southern Utah during 2021 with a 2.99 interested rate. We fixed it up and rented it out when we moved to northern Utah. We are charging $1700/month but the property perf...
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
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Hi everyone! I have a family member who inherited a portfolio of houses in the bay area. They are all located in the southern peninsula within 1 neighborhood. This is great! The not great is that they are rented for a...
Bought a 4 plex with an FHA loan under my personal name. Closed on it January 19th 2024. After renovating, I'm ready to refinance and push the property to my LLC. Am I going to run into any issues with this if I close...
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I'm looking to purchase my first 10-unit apartment building in Ohio. I live in California, so I am not familiar with the local banks in Ohio. I did reach out to 1 local bank which was recommended by the listing agen...