Jeff Wells
CONTRACTOR PUT A B.S. LIEN ON OUR PROPERTY, NEED ADVICE.
Ok, here's the story. We are rehabbing out of state. This has proven to be extremely difficult and stressful. We hired a contractor to do a job for $1300. He did the job, we paid him, but there was much more that n...
Account Closed
Need Short Sale Negotiator Service in CA
I get calls from sellers that I can convert to short sale leads but I don't want to work short sales. Monica Breckenridge mentioned in another thread that title companies negotiate short sales. Both Chicago and Fide...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Michael Rossi
Guru Scam Words!
I've been around this business long enough to see just about every scammer out there. I've noticed that all of the scammers use certain words: Here's my list:
1. SECRET (the gurus have a secret alright. The secre...
Anjelica Allen
Something just doesn’t feel right, need advice.
Greetings everyone,So I’m one week to closing on my first home. I’m purchasing a Duplex with a 203k FHA rehab loan (Property 275k). 1. The first unit needs repairs, nothing major (Estimate 27k). Second unit is occupie...
Matt Shobel
Who's to Blame? Very Irratating
Hello, I recently rehabbed a house to sell and is now pending. When we listed the house, we put in the remarks that the house was sold AS IS. Inspections went fine, and we are about 1 week away from closing, but my ...
Jason Thomas
Capital Gains savings by selling rental with allotment sale
A financial advisor has told me about using a Single Premium Immediate Annuity (SPIA) as a vehicle to lower my capital gains with the sale of my rental property. It is to be setup as a structured allotment sale over ...
Bian Dahab
Income verification for travel nurse
Hi, I have a prospective tenant who is a travel nurse on a 13 week assignment. The background check, credit check and eviction history came out fine.
But the candidate is refusing to provide a verification of income...
Tonye Jack
Cleveland Ohio Vs Columbus Ohio
I'm a first time out of state investor living in NYC and looking to purchase property in Ohio. In speaking with realtors in either market, I've received "bias" opinions based on the areas they serve. Any investors wit...
Cedric Dadaille
Section 8?
Topic came up in the office today about the pro/cons of section 8 renters. When I lived in Houston, I've always been told to stay away from section 8, because low quality tennents can do some serious damage. However, ...