John McKee
Looking back on 2024
3 January 2025 | 7 replies
The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.
Isla Arshad
Tenant Pays Rent Late and now Claims Harassment when filing for 10 days Notice
7 January 2025 | 13 replies
Its a scare tactic and she is trying to bully you into letting her get away with this BS.You need to screen WAY better and/or hir e PM for future tenants.
Michael Plaks
Crazy technicalities: how the IRS defines your age. Spoiler: it depends.
29 December 2024 | 1 reply
section, a little further, in Sec. 21(e)(6)(B), it - again!
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
22 January 2025 | 14 replies
If he needed something beyond the standard business forms and Schedule E, I could give him limited access to my Baselane portal, just like my bookkeeper had limited access.
Josh Holley
Seller won’t return EM
31 December 2024 | 97 replies
(C)(1) If the parties dispute the disbursement of the earnest money and the purchase agreement contains the provision described in division (B) of this section, not later than the first day of September following the two year anniversary date of the deposit of the earnest money in the broker's account, the broker shall return the earnest money to the purchaser unless the parties provided the broker with written instructions or a notice of a court action as described in division (B) of this section.(2) If the broker cannot locate the purchaser at the time the disbursement is due, after providing the notice that division (E) of section 169.03 of the Revised Code requires, the broker shall report the earnest money as unclaimed funds to the director of commerce pursuant to section 169.03 of the Revised Code and remit all of the earnest money to the director.
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
Do not bank on setting a new neighborhood record on $ / sqft - be conservative in your numbers.I am looking at 5 E Freeman st Newnan Ga We are going to do a 4/3 the price is 140k with rehab budget 57k ARV 285-300.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
@Angelo CortezYou can still deduct, however STRs are reported on Schedule E, not Schedule C.The IRS expects you to file 1099s even without SSNs - which I personally always found to be puzzling.
Augusta Owens
New member and new to real estate
7 January 2025 | 12 replies
Hey @Augusta Owens Bigger Pockets has been so valuable to me in my own journey, so you are in the right place.Ive been hosting an investor meetup the past 3 years and it's been a great place to collaborate with the like minded individuals and collaborate. 15-25 people show up each month and range from new investors to people,e who have been investing for decades.would love to connect and get you some more information!
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
Quote from @Dave E.: @David M.
Marina Wong
711 Rescue - does it help LP in case of imminent foreclosure
21 January 2025 | 19 replies
But these two live and work it and dont sell e ducation.