All Forum Posts by: Marc D.

When I was in college, my landlord would just walk into the house uninvited without even knocking. I had to explain to her that when I rent from you, I have temporary owner's rights and you can't just walk into my house whenever you want. She immigrated from Serbia, so maybe that is a cultural difference, but my wife was pretty floored. 

I think the same applies here. You can't just walk into the tenant's house to do your laundry. On the other hand, if you write something into the lease that you agree upon, it should be fine, but that may turn off many prospects IMO.

Call Vern and get on his list 888-0078

I bought my last flip from him and recommend highly. He is a premium member on bp.

I get 2-3 deals in my inbox weekly. 

I'm paying sales taxes for my supplies when I flip a house. The IRS considers my house as inventory since I am a dealer. If this is inventory, I shouldn't have to pay state sales taxes for the supplies -- but I don't charge my end-buyers sales taxes, so I will never collect nor owe sales taxes. So do I sign up with the state as a merchant and submit refund returns for all of the sales taxes I put into my properties? Or something different?

I am in Denver CO, if it matters.

http://www.inspectionnews.net/home_inspection/electrical-systems-home-inspection-commercial-inspection/15305-new-installation-two-prong-receptacles.html This is a thread where home inspectors are discussing the "replace three prong with two" Apparently you are not allowed to do that and remain legal.

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The whole deal hinges on a few outlets? Jeez... Must be a very tight profit margin.

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Ive had a ton of mobile home tenants and they are some of the worst when it comes to rent-on-time. I found that the first time they are late, I show up with a 3-day that shows that I mean business. Then we have a heart-to-heart. I explain that I am a nice guy, but I don't let anyone walk on me. I tell them that excuses only work for a while. After that it is out you go.

MH's are typically a lot of drama unless you make it clear that you don't put up with that.

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I would think as long as there is some pitch, roll would be OK, but is there building code rules that say no?

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The UBIT for flipping comes from the same tax code as for non-profit companies. If you are performing as a business and not as a non-profit, then you are putting your competitors at a big disadvantage since they have to pay taxes and you don't. When you are flipping in an IRA, you are putting your fellow flippers in a disadvantage.

A good example, let's say a non-profit University started selling hot dogs on campus. They must pay UBIT taxes on their hot dog profits. Otherwise they could sell them for half of what the vendor down the road sells them for.

The purpose of your IRA is to invest for your retirement, and any business it does that is not directly related to that investing is taxed.

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You don't like zillow?