All Forum Posts by: John Adeiza

Hi everyone, I extended my 2021 taxes, and it is about due as of now. My question is: Can I deduct rental property inspection fee (before purchase) from my rental income for 2021? I had also paid $800 inspection fee for a property that I ended up not buying, can i deduct that (assuming buying under my name)?

Hi, I am trying out  of state rentals, I decide to stop wasting my time in Southern CA and look elsewhere. I choose  Small multifamily investing in Jacksonville  FL,,. Will certainly be happy with  any advise  from  BP  members investing locally. 

My Mentor has a video on using DPA, but there must be enough equity on the property to cover for the down payment. I will send the link to your email. I hope that will give you the idea.

Hi Micheal, I am impressed by your responses and experince. I am just starting out In RE could you mentor me too?

Thanks Jaremy, Eddie, Michael, and Rod. Your imputs where very helpful. I will proceed to build my buyers list and find a realtor for MLS access. I will be throwing some more questions in the process. One more thing, does anybody knows the market in southern Califirnia?
Thanks.

Hi every body. I am new in RE bussiness, However, after listening to several seminars, I have decided that whole salling will be he most appropriate way for me to start up. I live in CA now, and the agent I spoke too about my plans thought it will be illegal,since I don't have a license. Can you explain or help break down the process of wholesaling down so that I see how i can apply it here in California? can some one tell me how to reassign a contract, and what to do if i must close on the property before selling. What happens if I put a deal under contract and I cannot find a buyer. How can I walk away from the contract without any financial obligation?
I will appreciate your imputs, thank

Hello everybody. I am interested in wholesales and short sales. I know that there are some very nice people out there, so I am looking for Real estate investor who can be kind enough to be my mentor in San Diego, CA area. I promise to be teacheable and very friendly.

Thanks Jon for your contribution. I heard that registering an LLC in Nevada is better way of doing it, but does any one now how much it cost to run an out of state LLC?

I recently moved to CA, where I registered my first LLC, last December. I just found out recently that I have to pay LLC tax of $800.00. I have not even used it for anything. What Should I do?. I have not made any money how can I pay taxes ?