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So I did my first flip. Worked out great. Bought it for $225k. Put another $125k in it. Sold for $450k. 6 Month time frame. Now... it's treated as a short term capital gain..... what can I offset it by? If I bought a ...
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We hired a property manager Dec-1-2016. They rented out our completely rehabbed property Jan-1 to a Sec 8 tenant. We have never used Sec 8 before and were not familiar with Sec 8 inspections or requirements, but decid...
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I've been working on my first deal for a while now, hoping it will close any day. I negotiated 3 existing attached flat screen TVs to be included in the deal. My hope is to use them as enticement for new renters, bu...
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Hello, We are a property managing company that rehabs and rents our own properties. I am confused when I comes to the categorization of some items. First Repairs/Maintenance and capital expense, from what I found arou...
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I'm considering "rehabbing" or improving about 76 units that I own which is a portion of my older portfolio. These properties have been good cashflow properties, but they are more maintenance intensive since they are ...
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I'm pretty new in this field, I need help with wording (drafting) of an assigned contract,that I would get the seller to sign. And my second question is do I need to have (2 contracts, one for the seller and second f...
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We own 23 single-family homes in the area. All of the homes are located in working-class neighborhoods and we are fortunate to always have them filled at 100% occupancy. We have owned most of the homes since 2009 / ...
Do these loans cover 'all' types of renovations OR just 'some' renovations. Example: Let's say I want to convert a 2bdrm into a 4bdrm by turning a porch and a dining room into legal bedrooms (they would meet legal...
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I'm not sure where to ask this question. Here it goes. Is there a great website that you have used for door hangers, business cards, keychains or other marketing items? I just received my Real Estate Salesman License ...
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Hello everyone,
I am analyzing multifamily deals using a modified spreadsheet I found online, and the spreadsheet has a reserve account that is taken directly out of of the NOI called "Replacement Reserve". It is ta...