Bryan Jacob Heilman
How to provide value to a potential Mentor you want to work with?
I dont have much experience in Real Estate but I'm currently saving up money to invest in real estate and also working on getting my License! I have reached out to many Investors near me and I would love to work with ...
Mitch B.
Applicant wants copy of background checks.....
I've got an applicant that has decided not to rent my SFH but would like a copy of the background outputs from Mysmartmove that he paid for as part of the application process. Is it legal for me to send a copy back to...
Michael Zagorsky
Schdule E: Converting long term rental to personal not count?
From the instructions for Schedule E, was confused about this line:Do not count as personal use:• Any day you spent working substantially full time repairing and maintaining the unit, even if family membersused it for...
Sheena Lee
Info to collect on tenants-in-place
I’m purchasing a triplex with existing tenants in all 3 units. I will be asking them to complete a form to obtain pertinent information about them. (I am not getting anything but names from the seller---he is very slo...
Chris Odell
UBIT for Self-Directed IRA
Hello BP,Can someone help explain why self-directed IRA’s are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a “qualified plan” but, in my eyes they both hav...
Andy Ramdeen
Investing in properties and buying a home to live
Hi everyone , just wanted to get some feedback on this question .Say if I take out 100k loan for a rental property out of state from NYC , and the rental properties pays the 100k monthly , and say a year later I want ...
Caleb Coombe
Real Estate Agent Fees
Hi everyone, I am very new to real estate and I have been communicating with this agent and she says that she wants to charge $150 if she helps me find a property. Is that typical for a real estate agent to do?
Melissa Aguila
Ways to offset my W2 tax with my passive income
Hello All,I own 3 short term rentals that I self manage and I Also own another business where I earn my w2 income working full time.My question is from my understanding, I cannot use my passive income expenses to offs...
Ryan Judkins
How get loan for lower priced properties?
I have two homes in Missouri that I made offers on for $63k and $77k (paying 25% down on each). Then our loan officer said the underwriters rejected them. She explained they are lower priced homes so they have a har...
Scott Robinson
Its all about relationships
I want to share a wholesale experience from this week, a common scenario for many probably:I got a call from a young lady about a letter we had sent her aunt. She proceeds to let me know her aunt is in the hospital a...