Richard W.
Offering at Owners Loan Payoff Amount
Im looking to purchase a SFH as a rental and told the listing agent I would offer 51k for a house that was listed for 60k. Early in our conversation I asked what the sellers loan payoff amount was and got a vague ans...
Douglas Larson
I made $185,00.00 this week on two sales!
While this statement is technically true, there is much more to the story than the headline.First, both sales represent a bit of a let down as I actually thought my net from these two deals would be closer to $250K. S...
Tyler Proffet
Potential first deal?
Hey all! First time posting to the forums... hoping to get some feedback on a potential first deal...A bit of background about us first (me and the wife), being's this is the 'new member' section and all ;)We're both ...
Account Closed
121 tax exemption questions
I've searched the internet & bp but didn't find the specific answers. I understand the 250k exemption for a single filer. My questions are can rehab costs be included with the purchase cost of the next home? Mater...
Casey Miles
Attempting to privatize trash collection - city says I cant?
I recently bought 2 fourplexes that share a courtyard but are legally two separate properties. These are located in Phoenix and currently there are 8 individual trashcans that for one, don't look good, and two, cost m...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
Tajinder Kandola
smart to keep a buy and hold if it doesn't cash-flow well?
would it be smart to keep a condo that doesn't cash flow initially in the beginning but starts to cash-flow in the 5 and 6th year and beyond at 10%?
Mariah Jeffery
How much to pay for 4-unit REO
I just viewed a 4-unit REO property that will come on the market tomorrow. It's in good shape structurally except for frozen pipes, which is a pretty big deal. Cosmetically, it needs a lot of work. I estimated $22K wo...
Jack Srimani
Need help in analysis
Hi
I have seen a two unit house in a decent neighbourhood. The first floor has three bedroom and two bath while the upper unit has one bed room and one bath. The owners are selling this property and were in this one ...
AJ Wong
The inconvenient truth about Buyer's Broker Commissions and what to expect next..
Don't look now but another seismic shift is coming to a real estate market near you.As you might have heard, there have been several recent class action law suits and even Department of Justice guidance that could cha...