Awais Sheikh
Newbee from San Antonio
Hi Everyone!Im Awais, early 40s, total REI Newbee from San Antonio.I work 2+ jobs as an MD.Tired of being an expensive labor.Want my financial independence, so I can sit back and enjoy life a little, spend time with...
Michael Fuoco
1 owner has majority of commercial condo units, do I run?
Hi all - I have an opportunity to purchase one unit of an eight unit commercial condominium. I think it's a great deal. The bad news is that one person owns 5 of the 8 units, giving him majority votes. The building lo...
Scott Hollister
HELP: Need to teach owner about benefits of seller financing 1031
Hello,Im working on an off market apartment complex with an owner. I know he wants passive income and I wanted to provide that value for him. So far I have these Benefits of Seller Financing: Higher Price: I can pay m...
Maggie Hawley
10 unit apartment, is this a good deal?
Happy Sunday everyone. I came across a 10 unit apartment building for sale in a smaller city in Kansas. This area has several factories in the area that support the community. Each unit has 2 bedroom and 1.5 baths. I ...
Derrek J Hooyman
What are the best ways to get estimates on contractors before buying a property?
I just started using the BRRR method. I bought a side by side that needed a little work. I was not as familiar then with the idea of BRRing it. However, the bathrooms were outdated. Thus I will cash out refi after ...
Pierre Royce
1031 Exchange Question
Hey guys,I have a client here in Southern Florida who has just closed on their house 5 days ago. They received around 70k in profit, do they have to pay taxes on this amount or would this be a good situation to do a 1...
Julio Gonzalez
Multi-Family Properties and How to Maximize Returns
Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
Red Brown
This DIY may have cost me ,lucky streak LOL
We were up at the lake this weekend. I picked up a property right down the road two weeks ago. It hadn't been mowed this year (wife said just have someone clean it up) I had free help my brother and his wife were do...
Jesse Knevel
Boyfriend just kicked in tenant's front door
I just received a call that my tenant's boyfriend just kicked in her front door. She is filing a police report. I am planning on contacting my insurance company tomorrow. Can I bill my tenant for the repairs? Boyfrien...
Michael Garcia
Security Deposit
Inherited a 14 year tenant. She passed away. Family is asking for the security deposit. All the carpets in the whole unit need to be replaced. Is that normal wear and tear? I wasn't there 14 years ago when she moved i...