All Forum Posts by: Lauren Norman

Great posts! I've been wondering how I can deduct the most as a business expense for my LLC...these cab /uber/ rental car costs are really adding up!!! So, leasing vs buying as a real estate business expense. Does anyone lease a car and have experience with a great CPA to get the most deductions? Also any recommendations for types of cars? Probably not looking for a truck/SUV as street parking is better for smaller cars in my area. Thanks!

Thanks @Otis Duffy and @Chris Masons I talked to the seller again and it sounds like yes, he wants to sell it at market price. It was just 1 family who was their tenant, but it seems like they are not "motivated" sellers by any means! Maybe Otis is right and thats exactly what they want to do! Everyone loves a NNN! Thanks for reaching out guys!

Thanks for those ideas Pratik P. Boyle and Kedian Jimenez I talked to the seller again And it seems like they actually want to sell (not rent- as they had said before) and are looking to do it all themselves.

I talked to 2 siblings who's mother passed away. Brother wants to keep the house and rent it out. Sister prefers to sell it. They are currently renting it out for $5k/month in Clifton, New Jersey. They are asking $599k for it which seems high. It's 4000 square feet (biggest house on the block which is why I can't seem to find any comps) and in good livable condition (small remodel job last year but all original 1960s details have been kept) 4 bedrooms, 3 bathrooms, 2 car garage in a good school district with a mother in law unit with 2 full kitchen. 25 minutes to NYC.

What I really think they need is a property manager, since neither live close by, and it sounds like they don't really want to sell, but they also don't want to be a landlord. I'm a wholesaler, but this is definitely not a distressed house. Any ideas how can I help in this transaction and also make a small profit?

I talked to 2 siblings who's mother passed away. Brother wants to keep the house and rent it out. Sister prefers to sell it. They are currently renting it out for $5k/month in Clifton New Jersey. They are asking $599k for it which seems high. It's 4000 square feet (biggest house on the block which is why I can't seem to find any comps) and in good livable condition (small remodel job last year but all original 1960s details have been kept) 4 bedrooms, 3 bathrooms, 2 car garage in a good school district with a mother in law unit with 2 full kitchen. 25 minutes to NYC. 

What I really think they need is a property manager, since neither live close by, and it sounds like they don't really want to sell, but they also don't want to be a landlord. I'm a wholesaler, but this is definitely not a distressed house. Any ideas how can I help in this transaction and also make a small profit? 

Hi @Karen DeCelle Carter Welcome to BP! There is a ton of info here so dive right in! And don't forget the Bigger Pockets Podcasts! They are great to download and listen to on the train! @David S. Im a wholesaler- lets discuss what you're looking for! 

Also Brandon has written a couple of great books including "How to get involved in RE with no or low money down". I highly recommend that one!

Hi Camille Simpson welcome to BP! It's such a great community! Please up date us on your progress and celebrate your successes with you!

Hi Laquan Word welcome! Definitely spend time on this wonderful website getting to know the layout and listening to the podcasts - it's a great resource! The podcasts are wonderful especially on my train ride into the city. I'm sure you will enjoy them too!

Hi Fernando Imperatori did you find what you were looking for? As I understood this,you are looking for 3-4 2family houses...so several 2 family houses? Please contact me if you are still searching.