Michael Shaleesh
Own three 2 family properties...
I own three 2 family properties with no debt. They cash flow ~$1300 per unit and are worth ~600k ea. I live in one 3 bedroom and my mom lives in another 1 bedroom with unfinished basement. I want to make a move and am...
Justin C Huggins
Cash out Refinance of property in LLC?
I have a rental property in the St Louis area, Illinois side that is completely paid off and I want to refinance cash out (25K). This home is owned in an LLC, so I have contacted a couple local banks. The ones I hav...
Carlos Whitfield
Get it Under Contract Despite "Notice to Demolish?"
Reviewing my D4D list, I found a property with two door notices: 1) a recent city notice (last month) of "Notice of Proposed Demolition"; 2) a 1-yr old county notice of overdue taxes. Curious to have your informed opi...
Chad Lamb
Problem from tax deed purchase
I purchased a DEED at a tax sale. The lot description and GPS coordinates were wrong. Unfortunately, the lot I bought has someone else's house on 1/3 of my property.
My question is what are my legal rights with the ...
Michael Seeker
Are business and/or REI books tax deductible?
I just shipped another nice chunk of change to Amazon's coffers and got to wondering if there might be an untapped tax advantage to the purchase (along with all of the others I made this past year).
If I ow...
Joseph M.
Turnkey Properties in IL - Recommendations / Feedback On My Plan
I currently own 3 properties in NJ valued at about $460-480,000. I live in the primary, which will eventually be a rental and rent out two condos. One is worth $125-140K that rents for $1,600 and the other around $110...
Connie Sullinger
using a 1031 exchange
I am a homeowner and wondering if I can move out of my current home, rent it, and use a 1031 exchange to pay the current mortgage and home equity line of credit. Can anyone help with this question? Thanks.
Timofei Kadkin
First property. Anyone started with apartments?
Hello everyone!!!Anyone out there started their real estate journey renting out apartments? I’m from California and the prices are not the best here haha. So, was thinking to buy average apartment and rent it out to h...
Mary D.
NNN what exactely does this include? Cap Ex?
Hi everyone,Im looking at a commercial property and I was told $12-$14 NNN So I asked what it included. I was told Taxes, Insurance & Maintenance? I asked about Cap Ex and was told does not include Cap Ex. I under...
Simon S Marthinsen
Capital Gains for owner financed property
I’m talking to a seller about purchasing his 26 unit 1/1 building. Sales prices is between1.8-2 million. The property is off market but he is interested in selling. His worry is capital gains. He as owned the propert...