Michael Clemson
Emergency Room trip tax deductible?
I hit my head at my own rental this weekend, lacerating my head and taking a trip to the Emergency Room. I'm the proud owner of a few staples now! (No Urgency Care in the area on weekends.) I'll at least have a co-pay...
David Healey
Any Way to Get Around a Commercial Loan On a 5 Unit Multi?
Hi All,We found what seems to be a good deal on a property where 7 units were built, but only 5 are being sold. My wife and I are looking to house-hack, but don't want to pursue a commercial loan. The description says...
Account Closed
South Dakota Investing
The Real Estate World can be a dog eat dog world and I have ( on more than one occasion) have been told politely to hit the bricks by more than a few individuals. This always struck me as a surprise- If two or more in...
Alexander Ho
Mitigating liability risk in California
Hi,This is a question I have regarding an income property my partners (3-4 individuals) are looking to acquire. I spoke with a mortgage broker and it is best to purchase as joint tenants with our individual names list...
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"Renting Credit"
Hello everyone,
I was surfing Craigslist and I came across an ad titled "AMAZING OPPORTUNITY...MAKE $15,000 RIGHT AWAY! Rent Your Credibility."
So I emailed this person and this is what he emailed back:
"Thanks f...
Curt Davis
When To Call Yourself a Real Estate Investor?
I notice many new people on the forums calling themselves a real estate investor but they also state they have never done a transaction of any sort. Now I am one who believes in thinking positive and seeing yourself ...
Justin B.
Multiple Property Accounting and Tax question
We've got several properties now and will have a lot more by the end of the year. Does the IRS care about individual property reporting or can you just combine when filing taxes? Accounting and tax filing is time co...
Daniel Rutledge
Under contract with Hard Money, Please help!
I have a deal under contract and quickly pulled the trigger with a hard money lender to get it fast. Now I am a little concerned with some things written pertaining to the hard money loan. Here is the list given to me...
Matt Prawitt
New Provo City Zoning Ordinance
I have a five-bed, two bath unit in Provo that's currently rented to five singles. I just became aware of the new rental disclosure requirement which requires landlords to have all tenants sign a statement that only 3...
Jay Martin
Is it now illegal to wholesale in Illinois?
I’ve seen a lot of contradictions online about this subject. I was wondering was it illegal or not. I understand a lot of people are making money doing wholesaling did they make it illegal because of that or because t...