The purpose of this tax is to level the playing field for tax-paying businesses and prevent tax-exempts from driving them out of business.When you add debt-financing, which introduces its own layer of taxation, forget about it.Being a lender to other flippers with the IRA is the better approach, as interest income is passive in nature and not subject to taxation.

Hey David,Great questions.I believe agents will need to be more resourceful, have better systems in place for streamlining the entire process and will need to be able to handle most tasks remotely - i.e. consultations, virtual tours, e-signatures.Its really not too different from where things were headed pre-COVID.In my opinion, agents will still be a vital part of the process for both buyers and sellers.

Learning how to analyze a deal is vitally important, but only if you do so consistently.

Also stay away from big buildings with NN leases because the rent often generated at low cost per foot doesn't give enough room for adequate saving up of reserves to pay for parking lot or eventual roof layer recovering or total replacement.

But I definitely see what you're saying, making them pay via CC would add another layer of protection.

May be worth having something in your lease that the tenants sign that the attic is not considered a bedroom and any and all liability will be assumed by the occupant if they choose to have a person sleep in that bedroom.At that point, you’ve covered your bases and hopefully have yourself a layer of protection in your lease.

With a virtual tour, you are in complete control of your listing and all of the features that will make your listing stand out from other properties.PhotosBecause your listing’s photos may be the only means a potential tenant has of evaluating your rental before committing, it is vitally important that the photographs be of good quality, clear and appealing.

Being in Southeast Michigan understanding the largest industry is vital.

Lock outs aren't and won't be occurring for a number of months so it is vital that if you buy a property with inherited tenants that they are good and well veted.Another barrier is the change in the lending landscape.

They had assured me they use a title agency that holds the money in escrow, but filling out an application with this company with my social security number and other vital info is what scares me the most.