My question is - How will an appraiser appraise the property without there being any duplex/triplex's sold within the last year?

As an owner of one rental property, I found out that I was/am supposed to send a 1099 to a contractor who did some work for us on our rental property last year, and file a 1099 on that same contractor with the federal government.

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.

Hi Laura, Here's my advice Attend Real Estate Networking Events, Join Online Real Estate Communities, Utilize Real Estate Investment Clubs, Network with Real Estate Professionals, Create a Professional Online Presence, Utilize Referrals, Partner with Experienced Investors, Attend Real Estate Auctions, Offer Value, and you know what's the last?

For that last reason they may not lend to a newbie and want you to have several deals of experience to qualify. 3.

When you add up the lost wages, travel, lodging, lost rent and the cost to pay us to fix what they did incorrectly, they turn their $3,000 job into a $20,000 job.Literally every year for the last decade I've seen at least 1-2 guys do this.

hey all I am new to Real estate and have been trying to buy a property for the last 2 years but it is not working out.

Hi Ertha,We have been flipping in Toledo since 2014.One of the first companies to do as many deals as we have 👍We get a lot of deals from wholesalers, disposition managers and believe it or not Craigslist.I feel like there is always a deal to be found on Craigslist.You have to have feet on the ground to inspect, be quick and close with cash.The good one's don't last long.Thus the importance of establishing the right people on the ground before investing in a specific market.Wishing you much success

So if the flooring is expected to last for 10 years (I don't know the number) and they were there for 4 years and now it has to be replaced, you can charge them for 60% of the replacement cost.

In 2021 I had overall negative AGI on my personal return due to losses on rental properties.