Mentor claimed 50% of my new tenants security deposit as profit to himself for explaining to me how to rent a property.

We just completed a house in the Lind-Bohanan neighborhood and the exact same thing happened to us.

Unfortunately after doing an inspection, my current insurance company will only insure the property after the rehab is complete.

Hi, Everyone,I am a novice real estate investor in Florida and in my city, there is one team of agents who claims that they are number 1 top selling agent in the local market and they said there has been about 160 sales for the past year.

Problem is I am completely new to this and have no clue where to get started!!

Plan would be to complete the simple renovations, find a quality tenant, then refinance to pay off the HELOC.

All of my properties are in Connecticut.So far:Triplex in New Britain- BRRRR complete and fully operational.2625 Rent Roll 100,000 acquisition  50,000 renovation, 140,000 refinance out 190,000 valuationDuplex in Manchester- BRRRR complete2500 Rent Roll 60,000 acquisition  60,000 renovation, 140,000 refinance out 190,000 valuation.Duplex in New Britain- Auction.com buy at the refinance stage.2475 rent roll  75,000 acquisition  20,000 renovation,  looking to refinance out 120,000 for a 160,000 valuationDuplex in New Britain- bad foundation renovation done this month2400 rent estimation 85,000 acquisition 20,000 renovation, looking to refinance out 120,000 for a 160,000 valuationDuplex in Manchester- acquired from wholesaler half rented and in renovation2300 rent estimation 77,000 acquisition 20,000 renovation,looking to refinance out 120,000 for a 160,000 valuationBrand new acquisition:2300 rent estimation 70,000 acquisition  30,00 renovation, looking to refinance out 120,000 for a 160,000 valuationI will be documenting everything I can about the 6th deal as we go.

(Remember there is a 2 year homestead period for TX and the borrower can come back within that period to claim his property).

I've got all the plans and proposals ready, and we're looking at about a 2 month turnaround to complete construction and 30 day max to get under contract w/ aggressive pricing, w/ 45 days to close.

After ten years, the seller is paid and all the gain is reported.IRS Form 6252 is the form you complete on your tax return.