Account Closed
Lets sit down and lets network!
14 September 2016 | 27 replies
@NickFeliciano... working on prospects in NW Indiana... including cities you may be interested in.
Jim Munoz
New Member from Southern California
6 September 2016 | 2 replies
In particular, I'm curious about what to look for as a first-time home buyer with an eye on investing (specifically if you live in California) and out-of-state investing advice including how to research and what to look for when prospecting a state/county/neighborhood you know nothing about?
Brandon Busam
Creative Financing for Purchasing 2 LLCS and 19 Properties
6 September 2016 | 1 reply
He is willing to include the LLCs if it helps or leave out the LLCs if it hurts a deal.I am looking for ideas as to how I can pull off this type of deal.
Hope S.
Extreme water damage, mold, hoarders and the kitchen sink
20 September 2016 | 17 replies
Hi,I have been dealing with very distressed properties in my last two rehabs (including dealing with mold all over the house, replacing floors and roofs.If you can post some pictures it might be helpful for everyone to give their opinion and i believe we have some more experts here.if you dont want to post them publicly you can send them to me and i will try to assist.feel free to contact me.Jonathan
Thomas Clark
I can’t fathom how residential real estate investors fail
19 September 2016 | 24 replies
@Thomas ClarkA ton of ways to fail but here are some:1) Bad landlording including not screening tenants right, letting them do things you shouldn't have etc. vacancies, evictions and/or tenant damage can kill.
Garrett Danielson
How would you structure a partnership for this deal?
6 September 2016 | 0 replies
Can a tenants in common agreement include an arrangement that would allow me to buy "shares" of ownership over time?
Jack B.
Just a few hours before I serve a 3 day pay or vacate notice
6 September 2016 | 2 replies
Of course banks were closed but they could have paid Saturday or any number of other days the bank was open.So I email them and ask that if they have paid to disregard my email but if they have not, since rent was now late (I only accept rent deposited in a business checking account) to include the $25 late fee ($15 general late fee + $10 per day late).
Pat Reilly
What is the IRS definition of a flip
6 September 2016 | 4 replies
This might include things like intent at the time of purchase, time held, whether a property was marketed for sale, frequency of such transactions, whether you are personally flipping houses separate from the plan, etc.If your IRA is flipping properties on a regular basis, then you will surely want to speak with your licensed tax advisor to be sure you understand the ramifications of UBIT taxation, and whether this tax on the gains from flipping will still leave your IRA with better returns than other options, or if you might need to look at different strategies for the IRA such as long term rentals or hard money lending.
Brent Paul
Home inspection is definitely a must!
6 September 2016 | 4 replies
Especially if your original offer didn't include those repairs!