Brandon Blessed
hubzu.com have anyone heard of this site?
So hubzu.com is a bidding website to bid on properties.
I'm bidding on this property but every time I bid on this property 20 minutes later somebody out bid me. It's a lot of people bidding on this property but for...
Dustin McGee
Own land and looking to build on it - Need help finding financing
Hey everyone! I bought land from my parents using owner financing. I owe about $26k on their loan and the lots next to it are selling for $75k-$85k which makes me think ours would be worth the same. I would like to bu...
Effram Barrett
Best banks for a business account
Does anyone have success with having a business account at a large bank? My partner and I are looking for a bank to store cash as well as create a business bank account. We are hoping for the bank to possibly fund our...
Shawn Martin
Strategies for house hacking multifamily commercial real estate
I have an 8 unit multifamily commercial building that is made up of 4 residential units that sit on top of 4 retail units. One of the units is for moderate income which I was thinking of living in and managing the oth...
Jacob D. Lange
Tax Deductions on a New Property???
New Investor here, in contract on my first rental property.
If I do not have any revenue related to the property in this fiscal year, can I still take all the legal deductions? Do I have to wait until I can show rev...
Chris Kendrick
Flip tax question
So when you flip a house and make profit from it, you basically getting tax alot, like around 40 percent, is that correct? How are all these people flippers making money , i assume that there ARV is really good then t...
Steven Mitchell
What exactly IS earnest money ?
So we recently tried selling a house. The day before closing, the buyers backed out. No reason was stated.We only got a quarter of their earnest money.I was under the impression the earnest money exists to protect t...
Kelly N.
Multiple Applications, first come first served or most qualified?
I am considering changing my application acceptance policy from first come, first served, to choosing the most qualified applicant and wanted some thoughts on this.1. How long do you accept applications for? Do you ...
Nathan G.
Newbie form 1099 contractor question--cash or credit?
I would like a contractor to do some tree work on my first rental next week. The quote is $1900 cash or check. I just learned about filling out a form 1099 for contractor payments of over $600. It looks like I can ...
Ryan Mackfee
Property Insurance
Hello BP
I recently purchased my 3rd rental property and this one was a shell which is getting a total rehab. I had to pay cash for the property because of my debt to income ratio. So me question is do I need...