Kristin Johnson
Info For Setting Up LLC Business Account: Is Online Or Local Bank Better
21 October 2024 | 2 replies
I’ve heard good things about some of the newer online options, but make sure they can handle the complexity of a growing real estate business.I had a friend in Scottsdale who ran into an issue with her lenders when she tried to close on her second property.
John Carr
First Time House hack, Do I need more help then my HR Block tax person
23 October 2024 | 19 replies
Hi there,Given the complexity of your situation—owning a rental property in Florida while residing in Illinois, house hacking with your daughter, and planning to claim tax breaks—it might be a good idea to consult with a Certified Public Accountant (CPA) or an Enrolled Agent (EA) who specializes in real estate taxation.While your current tax professional at HR Block has experience with multiple properties, a specialist can offer more in-depth knowledge on multi-state tax issues, rental income reporting, depreciation, and maximizing deductions specific to real estate investments.
Fausto P.
Does taking on my father's property make sense as a first time investor?
21 October 2024 | 15 replies
.: There are ways for him to sell the property to you even with a mortgage, but there's a lot of complexity involved and I don't recommend it.
Jack Hritsko
Real Estate Sales llc - Flip Cheap Houses
23 October 2024 | 10 replies
Wholesaling while licensed can be more complex, but people do it (and do it well).
Paul Ross
First Flip, how do you avoid scope creep and diminishing returns?
19 October 2024 | 2 replies
As I look at it .. there could be simple ways to "Spruce it up" and then there can be more complex ways.
Account Closed
WI Lease void due to clause violating Wis. Stats 704.44
24 October 2024 | 18 replies
The complexities here are twofold: You need to review your existing agreements with an attorney to determine if they contain illegal provisions under Section 704.44., and sign new compliant agreements with your tenants.
Suhaib Rehman
Short Term rental and Use as second home in Florida
20 October 2024 | 15 replies
Augustine most oceanfront condo complexes do allow some form of STR.
Mariangela Ciciarelli
Str - vacation home in Orlando
23 October 2024 | 16 replies
Hello, my husband and I trying to figure out if STR are for us, we are looking to buy possibly in Orlando, I see many complex by Disney.
Naveen kumar Vadlamudi
1st Deal - Please Help on insights and pricing
18 October 2024 | 1 reply
Hello All, i came across this college town property - it is a value add opportunity. 14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters.
Chris Berry
Section 8 tenant thoughts
24 October 2024 | 33 replies
That's how many of the larger complexes get funding to buy and rehab buildings,, that the normal small investor can not afford.Section 8 like other government programs has difficult aspects to it to manage, the people on section 8 are like a bushel of apples, some good some rotten to the core, and when mixed together the entire bushel tends to go rotten if the rotten apples aren't tossed out of the bushel.LOTS of paperwork and inspections and the inspectors are just as complicated as the tenants sometimes.