Johann Jells
Are appraisal "method" numbers a complete farce?
Frankly, my impression of the appraisal process is this: they glance at some comps, instantly decide what they think the value is, then groom all the numbers to support what they decided, doctoring the drawing for sq ...
Chris G.
Home office claim for tax deduction
Can you claim a home office if you have multiple rental properties but you do not qualify for a real estate professional status?My CPA said that the real estate activities for me are an investment and Not a business a...
Ryan Mellon
Need help on a 2 unit!
Hey guys, I have a lead on a two unit that I am having a hard time finding comps on in the area because the majority of this area is single family residences. This property was bought for 115k in 2006 it has a curre...
Christopher Tully
First Time Investor - What do you think of this deal?
Hey everyone, looking to invest in Multi Family Units in the Atlantic City, NJ market. Came across a duplex in a neighborhood that I like which I think has some potential. Well maintained property, doesn't look like...
Arthur J. Encinas
Terms on REO offer to bank
Hello guys,I'm putting an offer on a REO that's been completely vandalized. Copper coil ripped apart from walls and even ceiling. All rooms and house is damaged. My GC told me it would be $35k for complete rehab. Bui...
Paul Weller
Missed Opportunities
We had the opportunity to buy a short sale 4 years ago at the bottom of the market. It was at the top end, and a stretch really of what we were willing to spend 550k but it was such a great location I just had this f...
Aaron Boyce
First RE Investment Question
I get that sense that most here are direct investors in single properties and personally manage the properties owned. I am leaning, however, more in the direction of private real estate investing and crowd-source fund...
Katie Fiola Jones
Have you bought an "Airbnb Business?"
Hi everyone, I am considering the purchase of an Airbnb property. The seller is offering the property fully furnished and with the Airbnb business. It has only been operated as an Airbnb since December. I just wanted...
Dwayne Stutzman
Hud Help
I put a bid on a hud home for $55,000 and they accepted our offer. It was list for $45,000 . I was buying this house for living in. We are using a FHA loan were preapproved for. Now heres were it gets screwed up.
The...
Katherine T.
Take this or walk away..
I am new investor under contract on two properties by the same seller RE investor - turn key. Both houses cash flow 150 -200 per month and are already occupied. I am required to pay $2500 per property for this servic...