I'm new to real estate investing and have been getting e-mails from home investment companies stating the house (for example) ARV $250,000Seller Asking Price $215,000Repairs Needed $0There has to be a catch.

https://www.zillow.com/b/901-e...That rehab cost about 10k including new baseboards, crown molding, floors, paint, backsplash tile, granite, new bath tub, extending shower head, tile in bathtub, kitchen cabinet doors, new bath vanity, extending kitchen cabinet one upper and lower custom made, all new plumbing fixtures, lights and ceiling fans.  

Originally posted by @Amine E.: Felt like a divorce because i loved the people i work with.now you're ready for that lifelong Mistress REI-ta :) 

The virus has S L O W E D down my contracotrs

The virus has S L O W E D down my contracotrs

Mrs Kirk am tried to do ignore them  but this people calls everyday 3 times a day send me e-mails that i star getting concern if I need to get a lawyer

Listing agent said can you tell the lender to e-mail us telling us it is good to go.

@Nick E. - cool approach!

The new e-sports arena might flourish....then again, it is a physical place and not a virtual place....so I'm not sure.  

I am not a tax professional, but my understanding of 871(d) election https://www.law.cornell.edu/uscode/text/26/871 is that there is no need for a LLC, you just add a sheet of paper to your tax return where you say§ 871(d) Election to treat real property income as effectively connected with U.S. business(a) property(b) interest(c) location(d) improvements(e) election yearAfter listing the 5 columns above for each property, you say it is your election for fiscal year xxx, you put your SSN or ITIN and sign.