Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...
As I obtain information and start to compute the numbers for a prospective property, what is the best method to figure out how much rent I will be able to charge tenants? I need to have this information for my number...
I’m looking to buy my first multi unit investment property and wanted to reach out to the community to see if anyone has any recommendations on a Realtor in the downtown Chicago area. I’d ideally like to work with som...
Hello! Can someone help evaluate a deal for me?
Purchase Price: $295K Improvements: $10K in bathroom reno Closing Costs: $5KDown payment: 20%Interest Rate: 2.75%1 unit and renting at $1800Vacancy Rate: maybe 5%Prope...
So a couple weeks ago my AP Economics teacher mentioned a book titled Rich Dad Poor Dad, by Robert Kiyosaki, a book my dad recommended me to read a few years back and I am sure most of you have read it. So I picked it...
So, I have very recently discovered that I have made the grave error in not accounting for repairs and capital expenditures for my rental units. I have owned investment properties for going on 5 years, currently own ...
Hello, BP Community!Okay- Here’s what I’ve got...Let’s say, for arguments sake, you’ve got 5 LLCs all holding SFHs. AL LLC 1AL LLC 2IN LLC 3IN LLC 4IN LLC 5Now let’s say you’ve got a WY LLC Holding Company, parent/pri...
My first property just appraised way higher than I expected. Was in process of doing Cash Out Refi but now am hesitant since if I want to take out all available cash, my mortgage will most likely be making me lose mon...
I recently passed my Colorado Brokers exam and am now considering making a career switch into real estate. I currently have a job and am not planning on quitting to pursue real estate full time, just yet. I want to fo...
Hello BP!My name is Kahil and i'm a investor in the chicagoland area. I'm currently partnered with a company that has specialized in commercial lending and now is transitioning into residential flips. To get straight ...