Ryan Ahlgrim
Do you pay the buyer's agent a commission on your flips?
27 February 2017 | 6 replies
The deal with them is a flat fee of 100.00 total to list on the MLS and they list it with all the FSBO sites and I use my own number with them so all prospective buyers have to call me to give them lockbox codes so I have full control of the listing.
Haiyang A.
Backyard drainage issue (inappropriately refilled pool)
28 February 2017 | 12 replies
Good luck on the investigation,, as far as running any type of drainage.. we were cautioned at our property when we put the sump pump discharge hose to the front yard so water would drain into street and go down into the sewer grate.. we were told by city we couldn't do that and they suggested we put in a underground tank reservoir type thing.. basically all we did then was move the discharge hose to further point in back yard.. it was a flip house so we only had one season to deal with the issue.So don't do all the digging work and then find out you can't revert the water to the street and have to yank it all out.. if you do a drain tile type thing to edge of front property line.. water is funny you want to control where it goes but it has a mind of its own sometimes.
Michael Perry
CPA vs EA vs Lawyer - Which do I need for my needs in Maryland?
1 March 2017 | 7 replies
He's open to it, but warned that it almost guarantees an audit and requires added 'precision' on our part -- which could mean IRS headaches if we ACCIDENTALLY/UNKNOWINGLY did something out of bounds or didn't document something correctly, etc.My conclusion is if you're doing 'simple' SFHs, and/or you're not an LLC, or anything 'special' a CPA who specializes in Taxes and REI work would do the job, an EA who's good with REI would likely be better; but, if you want to do anything unique/creative, or outside the box or also wish to then have the business succession planning or have kids and want to have the business continue should anything happen to you...and all that added planning, maybe a tax lawyer would be best, or a Tax Layer who works closely with the CPA/EA...make sense?
Brandon Booth
Finding motivated sellers of MHs
28 February 2017 | 9 replies
The rent/lease is too hight and there's no rent control to reign it in.
Kris V.
Buy and Hold Newbie from Minnesota! To network + form my team!
1 March 2017 | 14 replies
Stay in as much control that you can for anything you are responsible for.
Tyrel Holman
Newbie from East Tennessee
27 February 2017 | 3 replies
I live in Chattanooga (East Ridge to be more precise).
Kim Meredith Hampton
Service Animals, what's an owner to do?
18 August 2019 | 58 replies
By using a doctors form, you control the content and can ensure it is only completed by a trained mental health professional.
Armand Farr
Owner-occupied 4-plex rent control
1 March 2017 | 1 reply
Hey guys,I'm looking to house hack into a 4-plex, but I'm worried about SJ rent control.
Lydia Lee
Hello ! NewB Buy and hold in Vegas
1 March 2017 | 5 replies
Try to maintain control of everything yourself.
Costel A.
Self directed IRA and hard money
28 January 2019 | 10 replies
See following for a list of lenders. https://www.biggerpockets.com/blogs/3441/51027-nonrecourse-loan-debt-for-self-directed-solo-401k-investmentAnd following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.