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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...
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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...
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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...
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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...
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Hi everyone, I’m looking to find a reputable property management company in Cleveland that can help me with section 8 properties Thank you!
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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...
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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...
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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...
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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 ...
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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.