All Forum Posts by: Mark Bookhagen

Price it right, have an open house, ask the tenants to not be home, and sell it the day of the open house. 

Doesn't matter... self-employed is self-employed.

Craigslist or my website for comparables. @Maxwell Milholland - give me a call if you need help finding a deal. 867-4508

If you have one vacancy or late payer, you have to come out of pocket to cover your mortgage payment.

You can use LLC or S-Corp - the key is to be "taxed as an S-Corp"; an LLC can elect to be taxed as an S-Corp - This is the easiest way because LLCs have less legal requirements.

FHA appraisals have strict inspection requirements. So to answer the questions, in 99% of cases, no.

You CAN claim your interest expense. It is a business expense. If you own them in your personal name: Schedule E, Line 12: https://www.irs.gov/pub/irs-pdf/f1040se.pdf

~$4k from street to breaker boxes (including boxes) depending on complexity (every job is different of course).

5k isn't going to make or break a deal. You can also counter again.

5+