I drive a 12 year old car and wear flip flops 364 days a year, but if I were to drive a Ferrari and wear a $1000 suits to my jobsites, I'd expect the same treatment from my contractors.

I've been contemplating using HML to buy my 2nd property. My understanding is that HML will lend you money for about 6 months allowing you to sell the property or refi to a standard long term mortgage. Problem is...

New regulations require 400 ft wells due to radon , but the water is then high in iron and needs a 3000 dollar treatment system .

Alternatively, fine sawdust works almost as well.Once you've done as he suggests, I'd mix Dawn with very hot water and scrub out the remaining stain that's absorbed into the concrete.

I checked with the mortgage broker again and I was informed that I am needed to have 6 months of reserve monthly payment for the new property and also for my current home (with a conventional loan and greater than 5%), kindly let me know if this is a common requirement or if there is an alternative option available.

Unfortunately, the path of least resistance is trash (which can also fill your dumpster for the week upsetting other tenants) so you want to discourage that path and provide alternatives...Also, I require the unit be empty and clean, with one exception, and that is cleaning products which can be left in cabinets under the sinks..

All, I'm looking for clarification on how expenses are dealt with in the flipping world. I've got an offer in on a potential flip that needs carpet and appliances. As a landlord, I know how to deal with these in a ...

Alternatively, are there any who would disagree based on your on-the-ground experience( @Mark Ainley , @Brianna S.

The CPA talks I remember, it's in the "intent" at the time of purchase is how it's treated taxwise.My question is what are the tax treatment differences between a rental and a flip?

So effectively, the lender(s) will be secured twice, once by the property and then by your alternate security plus huge fees and interest rates.Either way, if you're going to do your deals this way you're just asking for trouble, IMO.