Jim Adams
How do you determine the value on a Duplex with no Comps???
I have a duplex in arguably the hottest area of Nashville, TN for the last 3-4 years. Not completely sure how to determine the value of duplexes.............Help me... please!
Brit Foshee
Am I a real estate professional for tax purposes ?
I am beginning to prepare for filing my taxes. I have not kept a good record of my hours. I have a full time job, but I feel like I've easily surpassed the 750 hour mark on my rentals and I probably have more like 10...
Mohamed Fakih
Vetting process for tenants: what is must have for good tenants?
I have a couple questions:What systems In place do you have to determine if a tenant will be a good vs bad tenant? What are must haves that you have found in good, reliable tenants?On the contrary, what qualities do y...
Luis Montanez
In a "subject to agreement" who keeps the rights to claim tax deductions?
In the ideal circumstance the title of all your properties will be under a corporation and all transactions and deductions under the corporation so any profits or loss will flow to your personal incom. However, since...
N/A N/A
Is this a capital gain?
I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
...
Mitchell Maginnis
Am I able to use a HELOC? What other financing is available?
I am finishing up a new construction STR build. I bought raw land in an LLC with a partner to do this. Although I think our personal names had to be on the loan in order to qualify.
My question is....when i finish co...
Andrew D.
Buying first house for future rental
My wife and I are 27 and looking for our first home. My goal is to buy my first house for around $180 or less, live there for a year or so, buy a second house to live in, then rent out the first house.
The issue is m...
Jennifer Bowen
How to prevent a professional tenant
Good read. And it begs the question, if you're new to the game, how do you prevent professional tenants from moving in and taking advantage of your lack of experience? Indianapolis' worst renter owes thousands, but la...
Orkeem Davis
Deal Anaylsis for this commercial property
The property is a 3 unit - store front, 1st floor 1 bed bath, and 2nd floor 2 bed 1 bath -- $1500 monthly income. The owner owns free and clear and willing to carry mortgage. I offered full asking price of 12...
Cecil Russell
An existing franchise business with excellent equity built in.
I am inquiring about an existing business (Cold Stone Creameries franchise). Records indicates an average annual income of $169,000. The owner is asking $49,000-according to the information sheet on the property. This...