Albert Kang
Best Practices & Staying Organized
Hello all,Introducing myself,Currently just purchased my first home as a 'house hack'. A 3/3 townhouse in a suburban neighborhood of Orlando. The main unit is a 2/2 which I will be living out of, and there is a lofted...
Wai Chan
Tax write off for rental property in Turbo tax
I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://w...
Jason V.
Contact Structure for a Newbie
Looking for advice on how to setup phone numbers, bank accounts and other general contact information for a newbie. We currently own one SFR which has been rented for 18 months. Could not ask for better tenants (knock...
Jeff Sanders
Question on Title Charges portion of HUD-1
Greetings, I am closing on my first flip property on Monday and tonight I finally got the HUD (big hairy mess, foreclosure had already started, seller got notice but failed to mention it, but that's another story) ...
Kim Heretick
HELP! Front Porch Concrete Cracked & Sinking
I'm set to close on this REO on in 2 weeks & need an budget friendly solution to fix the sagging, cracked concrete front porch!I only budgeted $1k but it looks like my estimate was too low to repair what it is. I...
Jimmy Rivera
NACA as a lending option
Hi all. I live in Miami and considering using NACA.com as my mortgage company. Was wondering if others here have ever used naca as a mortgage option. I attended one of there meetups and it sounds almost too good to...
Richard H.
Cash on Cash Return after Cash-out Refi
Hi,
I'm in the process of a cash-out refi on one of my rental units that I have owned for about 3 years. One of the financial statistics I really pay attention to is my cash-on-cash return each year. I was ...
Account Closed
Wholesalers just listing MLS? What gives?
Hi, I've been searching the internet and MLS for a few weeks to get an idea of prices in my area (central Florida) as I get closer to purchasing my first investment property. I've come across a couple websites that cl...
Phil Z.
Direct Mail Marketing Campaign Logistics
I'm working on a Direct Mail Marking Campaign Program. I have decided to make each marketing piece 'due' after X DAYS from the 'start' date.The other option was to make each piece due X DAYS after the last piece was s...
Jaron Walling
Tax question for BRRRR investing
I'm planning to BRRRR my next property. What are the limits for tax deductions during the rehab on this type of investment? The property needs $20k worth of capx and repairs but it's move in ready currently.
I read ...