Rodney Wright
Taxes for a soon to be own property
I'm purchasing my first property in a few days. The process has been long and tedious. It started in 2018 visiting a property out of state. Can I claim the mileage, hotel stays and meals from 2018 eventhough the p...
Jia Liu
Property management company mishandles my privacy info
For my investment property, I hired a property management company to manage the property. Since they will be handling my taxes, they needed my SSN. So they asked me to send a copy of my SSN card and other sensitive in...
Jason Turo
Partners in wholesaling - what if you want to buy a property?
A partner and I are evaluating how to handle purchasing a property that comes from our joint effort of marketing for wholesaling properties. Basically if we do not want to sell it, and either of us would like to keep...
Bruce Clark
Existing LLC becoming a Member of a new LLC - tax question
My partner and I currently own and operate an LLC that owns and manages several residential rental units.We were recently approached by an individual who wanted to invest in real estate. We formed an agreement that my...
Danny W.
Options in restrucuring partnership
My friend and I are 50/50 partners on a couple of investment properties. At this time he is taking on more of the work so we are looking to make sure things remain fair. Is there a way for me to reduce the share I h...
Deborah Burian
Question about Disclosures
In a private sale, investor to investor, how are disclosures handled?
Tal Simpson
Section 8 in a Class A area
I’m curious to know if anyone has attempted, or even looked into, accepting vouchers in a Class A neighborhood. I am in the process of buying an SFR in what I would consider to be one of the best 2 or 3 areas in town ...
Mike Nelson
REO offers being accepted with Hard Money these days?
In short, say I have 100K and I want to secure 3 properties leveraged at 75% at 100K each, so I need 75K of my money to finance the deals. Are banks REO asset managers turned off by this, or do they see Hard Money as...
Storm Daniels
Subject-To Deal in Colorado Springs
I have someone who has contacted me and we came to an agreement that involves him selling me his house in Colorado Springs subject to his existing financing. He has some concerns about certain things and so do I that...
Kimberly M.
How long should due diligence period be?
When contracting for a multi-unit asset how long do you normally ask for a due diligence period? I realize this may depend on the number of units in each property but if anyone can provide a standard timeline breakdo...