I've been looking at multifamily properties in GA, and this is the first one I've seen with a bit of promise.2% rule - asking $390,000; gross income $5,600/month for 1.44%; he dropped the price to $345,000 just by tal...
I'm trying to figure out the best way to reduce my rental income. I considered a sole proprietorship management company but it just seemed that that wouldn't be legit - maybe it would but I wasn't sure. My other thoug...
Hi BP!
I'm evaluating a property that has had a lot of capital improvements and because of its location, are not reflected in the value of the property. I'm selling another commercial property and wondering if buying...
Have a B property in an A area, had 3 serious inquiries within days of listing. We ended up with the property under 12 month contract on the first showing. This was 6 weeks ago for a lease that starts a few weeks from...
Hi everyone, I’m looking to find a reputable property management company in Cleveland that can help me with section 8 properties Thank you!
Hey Guys,
Quick few questions
1 If I invest in a real estate syndication as a limited partner and I was given bonus depreciation year one where I had a $70,000 loss on 100k investment at the time of sale how are the...
I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...
I just started wholesaling, I haven’t landed a deal yet. However, I do have a few offers I’m waiting to hear back on. In the mean time I want to know how does taxes work for wholesalers. If I make $20k from a deal how...
I’m a newbie at real estate investing and looking to get my first home for rental income. I’m told I should start an LLC to protect my personal assets. Do you guys feel that is necessary? If so, does it have to be my ...
30k in cost segregation just saved us 400k in income tax this year! If you own property valued at 400k each and up and pay income tax, I strongly recommend it.