Economic Update
(Monday, July 27, 2020)

This week is a good week for real estate investors (particularly if you have a house for sale). Existing houses sales are up, new home sales are up, inventories are down...

Hi. I understand with flipping you have to pay ordinary income taxes on the profit.Could anyone explain how taxes would be for a partnership, in which profits would be divided 50-50 in the following scenario: ==one pa...

How do all of you that flip houses deal with the EPA RRP Lead Paint guidelines that we all have to follow.....

-Are you lead paint certified?
-Do you only use lead certified contractors?
-Do you not buy pre 1978 prop...

I have a tenant that seems to have a knack for breaking things. Ever-since he moved, he has been calling me every month sometimes multiple times to complain on broken things. I recently had to replace the HVAC system ...

I recently discovered mold in one of the rooms in my house had come back, and it's worse than before. I have been doing more research into DIY mold removal, and most people advise using a bleach and water solution. I ...

We're putting a cash offer in on a property. It's a property that needs some work and we'll be living in it and then doing a cash out refinance to purchase another investment property. It has a septic system and has b...

http://www.deseretnews.com/article/705340463/Stimulus-jobs-overstated-by-thousands.html?pg=2

This shouldn't come as a surprise, but new facts show more misrepresentations from the current administration. This is hard...

Hey BP!Say you have a duplex that you paid $60k for.Rental income is $1000/month. ($500 upper / $500 lower), property taxes ~2500, insurance ~$600, no major expenses on my end, utilities all in tenants name.Basement h...

Long story very VERY short-My husband and I are interested in purchasing a property for renovation. There is one current tenant who doesn't want to move.  He is not rent controlled, is a sibling of the owner selling t...

Hi, I have 500K and need to find a low risk, low attention situation, with the most passive income? Can anyone give me some advise? I was thinking of a established multiunit opportunity with equity, and provides at le...