Jamie Gruber
Loan from family - tax implications
My wife and I own a few properties and are looking to renovate one of them. My parents have a home equity line that they are looking to get a return on.
If they write my LLC a check for $50k as a loan for renovation...
Traceye Smith
Flipping in Marquette, MI
I’m interested in flipping in Marquette, MI. Does anyone have any insight or thoughts on this area?
Natalie Allen
Converting back to triplex. Kitchen Rehab cost
I’m looking at a house that was previously a triplex. The family took out 2 kitchens & used them as extra bedrooms. How much should I estimate to add in two kitchens? This would be in Louisville, KY (west end) ...
Khaled El Dorry
Putting a value on lot size
Hello,I have a property under contract in the 1st ward of Houston. There are a 4 houses that sold for very attractive $$$. They are all in the $1200-$1600 sqft range. The house I have under contract is 730 sqft but...
Steve G.
Help with 1st rental investment
Hey Guys,I am looking to purchase my 1st rental property locally here in Austin, TX. I have been putting offers in on lower priced/newer SFH's and am finally under contract after about 20 offers.House is 170k and I am...
Andrew Harthcock
College Town Investment Property
Hi everyone!I am a recent college grad looking into buying my first property. My strategy is a buy and hold rental, and I am looking specifically at college towns. My own college hometown (Austin) is a bit too expensi...
Joe Ebanks
What type of property insurance is best overall for you?
Hello,I have the choice of a couple of options right now. One is a local agent of state farm, they have a very high replacement cost if I lose my property to fire. However its quite a bit more expensive than a nationa...
Robert Gunby
Market Value for Duplex
Hello all, do most of you purchase all of your properties below market value? What if the market is fairly cheap (around 100k) and it cash flows between 300-400. I know some people are against purchasing a property at...
Hang Chu
Pros and Cons: Small Down Payment and LMPI
Hi,I am a little over a month away from closing on a home (new construction). The house is a "detached condo" so I know that the interest rate may be a little higher because its considered a condo and not a SFR. Ori...
Chad Collins
10 homes owner finance
Would you do this deal? 10 homes in a decent neighborhood for 68K each.
All are currently rented for 750 to 800 per month and the owner said they would finance for 50,000 down 30 year amortization and five percent in...