What strategies do you use to identify and secure suitable replacement properties within the 45-day window in a 1031 exchange? Let's get a discussion going below!And as a CPA specializing in Real Estate... I'm here to...
The 2 houses are being sold together on the same lot for 1 price and they are calling it a 5b/3b (which isn’t quite accurate since that makes up both houses-it’s really a 3/2 and a 2/1). I can’t figure out how to cal...
Hi, I was recently reached out by someone who wants to rent my 3 br 1.5 bath and use it as a assisted living facility for adults. I am not familiar with this. I would like to know what are the pros and the cons, what ...
Hi All,I have a property that needs some renovation. He is motivated since offering 0$ down or 0% interest. The owner has one goal, cash out of the property, and is offering seller financing. He can also guide me on t...
I'm in the process of purchasing a home for personal use and have come across a dream house. The home is priced at $430,000, with an existing mortgage of $350,000 at a 3% interest rate. I'm considering assuming this m...
Just jumped into my first STR and it's been an "interesting" process with property management companies. Based on size/scale/pricing, I decided to sign up with Evolve and it was a shaky onboarding process. Just when...
Hey folks!
I (grantor) own a single unit rental property in Arlington Heights with the intent to quitclaim the deed to my IL LLC (grantee).
Here is my ask:I need an attorney to both review the due on sale clause...
I found a potential deal, but it's right next to the highway. 3 bed, 2.5 bath, newer construction, minor updates needed. My plan is to live in it, rent out the other rooms and eventually move out but continue to rent ...
Hello,I and my partners have put together a decent chunk of change (close to $1,000,000). We are considering buying a bunch of cashflow properties in the $80-120k range.As we are not US citizens (we are from Canada), ...
Investment Info:
Single-family residence buy & hold investment in Aberdeen.
Purchase price: $65,000
Cash invested: $55,000
At 18 Aberdeen Ave, a frozen-in-time townhome, our renovation adventure ...