I am new to real estate so please fill me in as much as possible..

First off can I write off meals if I am talking about Real Estate? Pf so is it only my meal or if there are two of us can I write of both of them?

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However a friend of mine claims he just refied his primary residence (loan around 420k) and the loan originator (not a portfolio lender) paid the closing costs.

ok so I have a property under contract and I have and end buyer what contract do I use to get the end buyer locked up. and will this contract be the same if i want to assign it or quit claim it. any info would greatly help me I want to secure a deposit and I need to know how to handle this and seem professional in doing so. thanks you guys are great and have helped me so much already

But it's important to know the rules and limitations of deductions for business trips; i.e. what constitutes a business trip, what is deductible, and what you need to support your claims.

GP will also get class B for management and syndicating the deal.2) We give our limited partners a regular preference in liquidation (i.e.

You are also basing ARV on converting it to a 3 bed 2 bath.I wouldn't touch a conversion unless there are other 3 bed 2 baths on the street.If just mainly 2/1's then you are going to have appraisal problems and getting buyers to offer on it.Nobody usually wants to own the most expensive property on the street because it appreciates the least and in a down turn loses the most value.Also I believe "I am not sure" but maybe Will knows is that the HML lender wants a qualified contractor to perform the work and will release the money draws once stages are completed.Also some of the work the city or county will require a license for you to do and you will not be allowed to complete the work yourself.It depends on local codes and what they require.You also have to factor in carrying costs and do overs.If I do something that normally costs 1,000 using a professional myself for 600 with parts but it takes my 3 times longer to do it and I mess it up and have to buy parts again then it's not smart.What you have to do is to find qualified contractors to get the job done quick at a below market price.You keep repair numbers low this way and turn times high.If you start a flip a certain time of the year and miss your list date you can be in a world of hurt when the slow season comes rolling in.You might sell at a real low value or not at all while holding costs from the HML eat you alive.You will also many times need good credit as all the HML's I talk to like to know if the investor has trouble selling the HML has a regular lender they partner with to put the investor into a regular loan and pay them off.

Sad to say but many property managers claim to screen and let anyone in without checking.

My point was that anyone could say they are doing such a service and charge an up front fee, then claim it was unsuccessful.I didn't write down the name of the speaker or his company because I figured it was a scam from the start.

For instance, if you use Wordpress there are some plugins available that will turn your regular site into a simple mobile site.

If there is low inventory and you have a quality product then you will get multiple offers- All regular sellers are waiting till spring why wait on the competition.