I was at a meetup the other night and a CPA came to speak with us. I spoke to him on an individual level after the meeting about a 1031 exchange that a family member is looking to move from one property to a like kind...
Just curious what other landlords out there are paying for their CPA every year. I file under an S corp with about 23 doors and a flip or two a year with only meeting with my CPA once a year. His charge seems to go ...
I'm looking at a property due for auction sale in IL. A few weeks after the Lis Pendens was filed by the lender, the homeowner executed a quit claim deed to transfer ownership of the property to another person residen...
Good evening,
Me and my wife are looking into live in flips and are wondering what are the positives and negatives of this strategy? Also what was your process during your live in flip? All comments are welcome.
So I know this is a good problem to have. I have 3 applicants who I would most likely rent to. I still need to run background checks. Here’s the good and bad on each:Applicant 1: Older lady (likely to stay longer), ha...
Am in negotiations with a seller of a home with a below ground oil tank in New Jersey.The seller agrees to remove the tank prior to closing,while the heating system depends on the tank.Should I also insist on a new...
Hello BP!
My husband, @Luis Vellon, and I decided to move our growing family from Florida to Phoenix this year in March. He played poker professionally and I was an assistant principal, but we decided to embark on ...
To make a long story short, I am an architect that has been doing work for a flipper in LA. I've been presented with a deal to buy one of his deals at a price that seems way under market. This would be my first flip ...
Hello everybody! I find myself in a little trouble. Hopefully, someone will be able to provide advice on how to best tackle this; I would greatly appreciate it. I recently purchased my first house hack in Texas. The f...
Hey all,
So we are facing a big decision on whether to move into a rental or not. It's in an area we have been wanting to move, there are currently no other rentals that fit our criteria, now is a good time to move...