Sami Gren
Contract for contractor
20 February 2024 | 5 replies
You need a set of specifications and a scope of work so that the work performed can be compared to the work required by your agreement.
Dylan Ritch
Just inherited a house and have no clue what to do
20 February 2024 | 7 replies
If you find that you aren't up for active real estate investing there are passive options to invest by partnering with an active experienced investor, investing in a syndication as a limited partner, etc.
Michael Ashe
Renting out my primary residence and buying a new primary
21 February 2024 | 7 replies
. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.
Shannon Conklin
Tax question - First Post
20 February 2024 | 6 replies
Unfortunately we did not set up the 1031 exchange prior to selling the house.
Edward Messer
Is 14% ever worth it?
20 February 2024 | 15 replies
Whether it's an electrician, or yard person, title company, Property Manager, etc. usually getting a referral from another investor in that market helps limit our risk to "unknown" people.
Angela Toy
IRA /401k /SOLO401k/self directed?
19 February 2024 | 7 replies
You must have a custodian for an IRA, and while you can self-direct it, you do have a middleman between you and your IRA. 401k does not require a custodian and can be set up as a trust with you being the trustee.
Adam M.
Capital Gains Limit for a Flip?
17 February 2024 | 5 replies
Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flipping homes (primary residence) in the past and is aware there is a limit on capital gains tax for profits under $250k.
Matthew Murray
Conflicted on sending tenant to collections
20 February 2024 | 3 replies
Either set aside funds, or try to screen tenants better - or both.
Marco Chaidez
Gap funder contracts
20 February 2024 | 3 replies
Your lender, perhaps with your help, should obtain a set of loan documents from a vetted source.
Erin Elam
Weslaco or Mercedes Texas area investors?
20 February 2024 | 5 replies
I haven't found many by searching so hopefully someone has these keywords set up!