Robert Gibbons
1031 exchange question
My question is, I am about to go under contract with my first Fix And Flip. I have set up an LLC and I am lending my LLC about $40,000. This will be used for the company to have as a down payment. When I sell the home...
Eka Linwood
HELP! Foreclosure due to Previous Owner not paying Tax
So I closed on this property (triplex) around Mid-Feb 2020. I just found out thru a letter from the county, that I am now in foreclosure because I'm apparently delinquent on my property tax. I thought this was weird o...
Ranjith K.
Tax write off mastermind course as business expense
I am planning to take mastermind courses for real estate investment business. Different programs costs $2000-$13000, yet to finalize. I wanted to know what's the best way to go about it so that I can tax write off tha...
Andrew Tonkin
Contractor refusing to give information or sign over permits
So I've had a remodel project go south pretty bad. I hired a GC to flip a house that I bought(adding on to it as well), took out a hard money loan to purchase the property and after months of BS and no work I decided ...
Edgar Karapetian
I bought a land in CALABASAS and I will get my money (+more) back without selling it
Hello everyone,This is a beautiful deal that I'm doing in this current moment. I've bought a land in Calabasas, and I'm constructing a house. I intend to keep the property and recoup my entire investment + more.Here's...
Briar Blake
Property Managers Violated Contract
My contract with my property managers requires my approval for any expense over $500. For the second time, an expense for well over $500 has been payed without my consent. It was in response to a potential emergency s...
Chelsy S.
Louisiana Citizens Fair Plan Assessment - Tax Deductible on Rental?
First timer for tax filing as a landlord.... I know I can deduct the property insurance as an expense, but my question is regarding the credit for the LA Citizens FAIR Plan charge which is on all Louisiana policies. I...
Account Closed
Security: Locking doors 24/7 vs leaving building open to public
I run a mix use building with residential on upper floors, retail stores on 2nd and offices on 3rd and 4th. Currently the building is open to the public on weekdays and Locked at night and on weekends. I am planning t...
Jim Panek
Insurance Reimbursement for Frozen Pipe
Hello,I own an upper/lower duplex in Milwaukee, WI. I live (well lived) in the lower unit, and rented out the upper unit. BecauseI lived in the home I had a homeowners insurance policy (not a landlord policy). On Chri...
Mariah Jeffery
Triplex & duplex deal in South Dakota
I am considering a possible deal on a FSBO triplex and possibly offering a package deal including a duplex as well. These are in South Dakota. I live in Portland, OR but it's close to impossible to find cash-flowing d...