Account Closed
Is your real estate investing activity a "trade or business" or an investment activity?
2 January 2012 | 29 replies
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.Investors that are wholesaling and flipping are typically in the business of real estate.Landlords typically are not in a "trade or business" as defined in the IRS code & regulations, but are engaged in an investment activity (Production of income).Deductions that are reasonable and necessary in the production of rental income are not necessarily the same as what would be considered reasonable and necessary for a business.A business would be allowed research and development costs, educational Seminars, trade shows, meals and entertainment.
Bryan Benavides
Should I start with a FHA 203k loan?
8 February 2021 | 10 replies
FHA doesn't hand out certifications or approvals.
Ron Thomas
What no one says about using OPM (other people's money)
20 September 2015 | 29 replies
These details, taken as a whole, can begin to offer clues as to whether or not those with a hand out respect the responsibility they are asking to carry when suggesting that you part with your dollars upon their request.
Amy Veldkamp
How to remove name from mortgage loan!
23 August 2015 | 28 replies
The bank does have a lien on the home which means that they are first in line with their hand out when the proceeds of sale are distributed.I am concerned that everyone named in the will is behaving as if they owed the property.
Bryan Dracka
Business cards
16 October 2013 | 5 replies
You don't really need to have anything that amazing.I would say that if you have one of those neon green or orange "We Buy Houses" obnoxious looking things (Which is fine to make a statement to get a sellers attention) I would make a 2nd professional looking card to hand out to potential buyers and other professionals.
Nathan Ewert
Do I need a real estate licence???
16 August 2013 | 11 replies
Go there, meet people, hand out cards, and you will get the ball rolling.
Devin Sumner
Reaching Out For Help/Guidance
24 April 2020 | 0 replies
I am not asking for a hand out of any type, I’m simply asking for an opportunity to help you while I learn and grow from the experience you have learned over the years in your given profession.With background experience in 100% commission sales, cold calling, both in home and out of office sales, door knocking and working with buyers directly (of the product I was selling at the time) - I feel like I am well equipped to help on any level that you or your company may require.
Jorge Abreu
Record Low Employment - Do You Think We Will See A Rebound In Q3?
18 May 2020 | 22 replies
For people that are out of work with no means to buy food and pay rent (except through government handouts) -- well, their number will grow and they'll grow more and more restless and then angry, they'll force the politicians to reopen the economy... it is, after all, a democracy.In my current day-job, I deal daily with COVID in the DoD.
Ian Handel
Lead Paint Signature Page
24 October 2014 | 3 replies
This is a section of our rental agreement addressing various disclosures:Disclosures: Tenant acknowledges that Landlord has made the following disclosures regarding the premises:a.Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards (handout)b.Disclosure of Mold (handout)c.Disclosure of Smoke Detector (handout)d.Radon gas is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time.
Brian Risi
Fees for REIA meetings?
20 November 2014 | 26 replies
As long as we can pay for the room, handouts, drawing prizes, etc...we're happy.