Mary Jay
Can I back out of a contract with RE agent?
18 May 2020 | 12 replies
But I've seen cases litigated over whether the party initialing the contract had the authority to do so.
Loren Oatman
New York Landlord and Screening software.
8 May 2020 | 8 replies
Our attorney (who wrote the local brief on the LL/Tenant law) stated that this is a gray area of the law, and that we could defend this practice as the law states Landlord cannot collect more than $20 -- it doesn't address 3rd parties.
Daniel Jost
Hard Money vs Business Credit
7 May 2020 | 8 replies
They strategize using 0% interest business bank credit cards at $50-$250k credit limits to buy properties, and you use a third party service like Plastiq to wire the money to the title company, contractor, etc for 2.5%.
David Mirza
Can A Residential Mortgage Lender Underwrite Loans for self
11 June 2020 | 3 replies
A prerequisite is that the other party needs to be someone I'd actually trust to handle it in terms of competence etc.
Dominic Franco
House Hacking Taxes Lesson Learned
18 May 2020 | 6 replies
The funny part is the reason I went with this CPA versus the others that fellow investors recommended is they said their CPA was too expensive for someone like me with just a duplex, yet I was billed nearly the same amount that these investors claimed they paid.
Steven Brito
New PRO member from NJ
7 May 2020 | 3 replies
Welcome to the party @Steven Brito glad to have you aboard!
Rocky Pe Benito
“SUBJECT TO” deal on a Fourplex: Yay? or Nay?
13 May 2020 | 5 replies
Please do not comment on the legal aspects of it since both parties are already working with their attorneys.Property: Fourplex flat (two 3-bedroom 1-bath, and two 2-bedroom 1-bath with fireplace)Condition: Average, no major repairs expected.
Mary Jay
Proper way to do distributions
21 May 2020 | 17 replies
Clear trail is the tricky part...I am always worried that if I get audited the IRS will find something that I was not aware about...How do you do your distributions, if you dont mind me asking?
Alexander Roeschmann
Major Depression ahead?
17 May 2020 | 47 replies
I was too busy partying, drinking and getting fired from every job I had because I was lazy or hungover!
Ryan Daigle
Multifamily Horror Story: Section 8 Abatement
8 May 2020 | 5 replies
Thought you all would appreciate a dose of reality from the trenches of a multifamily operator - Section 8 abatement.If you have Section 8 tenants at your property you have to be aware that there are three parties involved in the relationship (you, the landlord, the tenant, and HUD).