Christopher Janney
our first flip in Los Feliz area of Los Angeles, CA
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $650,000
Cash invested: $130,000
Sale price: $960,000
First project, we spent way more than we would now, espec...
Max Zappas
trading for depreciation
Would it be wise to sell an asset and 1031 exchange once you've taken the bulk of the depreciation on it? For example, we purchased a portfolio of 142 units and about 20-30% of the purchase price was able to be taken ...
Zachary Busekrus
I have 10k in a 1.5% APR savings...should I move to mutual fund?
Hi all!I am a young, fresh-out-of-college millennial, but I worked full-time at a marketing agency all throughout college to pay my way through school. I have a decent salary (high above the average of my peers) and a...
Scott Rudi
The don't quit your job conundrum
Here's a question? Don't quit your job before you establish your real estate business is the conventional wisdom.... Well, how does that work if your original job income is greater than $150k per year? In other words ...
Ignacio Badiola
Real Newbie from Philly
Greetings! I'm a complete newbie interested in slowly obtaining long term properties to rent out and supplement my income when I ultimately retire (in around 20 years). I'm a physician full time (working ALOT of hour...
Kurt B.
Using roommate income to qualify for future rent in a multifamily
I understand that you can use future rent as income when qualifying for small multifamily as long as you have established history as a landlord. Does the rental income from renting out one room in a house that you liv...
Shannon X.
LLC Names,
Questions
1) How do you find out if an LLC name is in use?
2) How did you come up with your LLC name? what is it?
3) What do investors usually put in their LLC name? (Developers, Investing, Investors, ect...)
4) Do m...
Ray Slack
Self Directed Roth IRA owning real estate question
So, I seem to have made a mistake not funding a roth IRA for the last 20 years. I have a heathy self directed 401k that I max out every year and currently own 2 rental properties under it. I'm collecting rent that all...
James Hunter Kight
Long term rental or AirB&B in Danville, VA
I have a rental property in Danville, Virginia. Still a year or so from the new Casino opening there, and my property is vacant at the moment. Do I put another tenant in on a year lease and then short term once the ...
Tommy Sowell
1031 exchange can I rent ou a couple of rooms
Can I rent out a couple of room of my house and do 1031exchange after 3 years