Hello all,Newbie here. My brother, father, and I are all interested in real estate investing. Ideally, we would all purchase an investment property together. However, it seems that even though we'd all be 33% owners w...
Do rental losses need to be used in the same year?Example: $15k in personal income but also $12k in real estate losses.If there's enough deductions to not pay tax on the $15k, then what happens to the $12k rental loss...
Ok, I got my first counter offer. I was able to get $35k off of the asking price. $165k is what we ended up on. It's a group of 4 trailers built in 2017 sitting on .70 acres of land in a rural part of GA. 1bed/1bath s...
Hi All-Does anyone have any experience (or worked with any lenders) where the Seller takes on a 2nd mortgage as part of the down payment amount? For example, buying a $4M property that normally requires 25% ($1M) dow...
Out of state owner looking to sell home in Mesquite, TX (near corner of Ripplewood Dr. and Salerno Dr. for reference) for higher price through creative finance. Open to:--Seller carry wraparound (with my current 1st a...
Hey everybody,
We are rehabbing our first buy and hold investment with the BRRR strategy in mind. Here is our first quote on adequate insurance for the property. Does this sound right? Seems high for just a simple PN...
Hi!I have helped my parents with their mortgages for years and am finally reading to buy my first place and start my own portfolio! I want to purchase investment properties in California (Southern California) and Ariz...
Hi folks - I'm interested in purchasing a 6 door (2 SFH + 2 duplexes) portfolio in Ft Worth, Texas. The asking price is $1M and lender can finance up to $700K. I'm expected to bring $300K in cash to close. I can bring...
Does anyone know if form 3468 historic rehabilitation tax credits are assignable? I have a large credit this year but not enough of a federal liability to use the entire credit. So i would like to assign the credit ...
I'm originally from University Heights / Cleveland Heights, live in Hawaii now and am beginning to research purchasing properties in the Maple Heights, Warrensville Heights, and surrounding areas.
My plan is to both...