I bought a duplex for 13k and put 8k into it in heating system and remodel of attic to turn one of the apts to a 2 bedroom apt.

Hello all, I usually do basic wholesaling, but recently got into sandwich lease options.

She basically said if she is giving them a $5000 fee she will price it $7500 higher and then asks for the $2500 in closing costs.

Are there any basics that I should know about flipping as well as basic first-timer mistakes that I can avoid?

Over the past year i have a lot people ask if i had any rental properties with heat.

.:...My understanding is that the highly touted tax benefits of owning rental property boils down to [1] you can write off expenses (but I don't see that as a benefit; I don't think people should pay taxes on money they didn't make), ...Well, for the most part the expenses that are a "write off" reduce income that was actually received in the form of rent; so that basically just lowers net income received.

They pay the utilities (For water I am always on top of it, i ask receipts quarterly), heat and electric also belongs to tenant. (5) My section 8 tenants are very long term tenants, so I am trying to remember how it was initially ???

Phillip here's the basic info.

Basically, it's creating a situation where you know that someone is going to get hurt.

Here in NJ we have what's called 'Operation of Law' which basically states that (generally speaking) if more than 2 years have passed since the Mother's death, then title automatically passes to the next of kin (if intestate) or beneficiaries in the will (if testate, and this part is an assumption).