Henry Clark
Self storage- 25% vacancy, Where's the "Easy" button?
Corresponding with a person on an older location that has 25% vacancy.
Initial response:Your original issue is 1/4 vacant. Your steering the conversation towards online marketing. Attached is a checklist to work yo...
Shane Cloutier
Electric radiant heat for rentals, yeah or nay?
I am thinking of renovating a few of our projects with electric based radiant floor heating. We have looked into getting a flooring that will stand up to the heat, and our state is pretty good on electric power due to...
Michael Swan
Should I Stay or Should I Go Now? If I Stay There Will Be Trouble
Why have you not sold, refinanced, or 1031 exchanged your pricey RE for more cash flow? I did and went from $50,000 cash flow to my current $120,000 cash flow and in 2 months moving to $160,000 cash flow. Would you h...
Account Closed
Setting up Business Account
Hey guys, been setting up my LLC this week. Want to open a business account in the LLC's name. My understanding is I need to get a tax number. Do I get this from the IRS or from the state of North Carolina? Anythi...
Paul Yevzikov
1099 Forgiveness on Lux shorts
Hey experts was hoping to get some clarification:
The debt forgiveness act, which forgives up to $2M forgiven debt subject to taxation when the bank issues a 1099 during a short:
Is it ONLY for the first $2M of the ...
Eric Byrd
Short Sale 1099 for taxes???
If a person does a short sale and receives a 1099 as if they collected money.. the difference between whats owed and the short sale price... Is there not tax implications?
Ciera Calhoun
Lifestyles Unlimited of Texas
I recently found out about a real estate investing mentor group called Lifestyles Unlimited based in Texas and decided to do some research on it. I came across a thread on this forum about the company from 2008 and ve...
Svetlana Kazantseva
General Contractors refusing to quote without them buying materials
Hi all! We have a really hard time finding a general contractor for our repair project in a buy & hold SFH in Kansas City, MO. We hired a property manager after purchasing the house and both contractors they sent ...
Lukas Zupan
'08 RE Crash - What Was Going On In Your Life?
For those of you who don't want to know about me and instead want to get to the point of this post move on to "2".
1.)
My name is Lukas Zupan - I'm a real estate investor in OKC, and I also own a RE photography bus...
Ferdinand Aquino
Short Sale advice please...
Hi there,
I need some advice please regarding short sale.
Here's my current situation.
I currently have a primary residence with 2 mortgages.
The house is only under my name and we have lost almost $100k and there is...