I am a new investor in the Porter County Indiana area. I have built and remodeled houses for 20 years but I now want to venture into some buy and hold properties. I am looking for some advice on how to start out on th...
Investment Info:
Single-family residence fix & flip investment in Milwaukie.
Purchase price: $185,000
Cash invested: $85,000
Sale price: $355,000
Contributors:
Justin Leithem,
...
Hello everyone,I recently acquired a quadplex in the metro Detroit area which is my home town but I currently reside in the DC market. Since purchasing, I have placed two tenants in the building & inherited one te...
Good morning and Happy 4th to those that celebrate....I woke up this morning and had a thought about this....I always fix (if needed) things prior to any tenants moving in so there is always a fresh clean and fixed st...
I have a rental that I have owned in for 9 years that I am looking to sell. If fully remodeled it would sell for around 260k (2300 sqft 4br/2ba) but I don't have the time or expertise to maximize the remodel. I esti...
For an LLC that remodels and/or holds, from what I understand, it is advised to have:-Builder's Risk/Property (for remodels/flips)-General Liability-UmbrellaRegarding the General Liability, is it advised to have comme...
I am Living in my house and Remodeling it, getting it ready to rent out and then I will buy another fixer upper.I need some advice on a strategy to be able to use all the materials in the remodel as a tax write off.I ...
Hello community! New investor here need advice on a deal I am about to do. Feel free to roast, criticize or give any advice you have I can take it. Backstory: 22 years old about to get out of military after first cont...
Hi everyone,I purchased a house with cash for $100K in 2014. I spent another $50K to remodel this house. Do I need to report the following to the IRS on my 2014 tax returns?:(1) Purchase of this house for $100K(2) Ano...
Hey All - I have a few rental properties out in Boise where things were pretty easy going, but just moved to Seattle and am looking for our first primary residence. We've got a healthy budget, but get scared away from...