Joe Hughes
Delays, delays, delays. Are they common?
I started scaling up my flipping business earlier this year. Prior to, I was doing about 1 per month, and was managing the contractors myself. It all seemed to flow well and projects were always done on time and on ...
Account Closed
1st rental LLC OR UMBRELLA? BOTH? NONE?
hey I am currently in contract for my first rental which I am buying for 45k, worth about 60-65k now and will have a loan of about 34k on it. I will buy and hold the property and it has 2 units, my question is I do no...
Corey Reyment
Cost Segregation Study on a 16 unit and 401K To Reduce Tax
We are in negotiations on a 16 unit. Purchase price will be somewhere around $600K. We primarily wholesale and should end up somewhere around $400K this year of income from our wholesaling business. We met with our ac...
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Buying my first house - I'm scared
I know this post is rather long, but I appreciate any comments. I'll try and keep it as short as possible.
I've discussed my situation before on this and other sites and I asked whether it made sense to buy now or w...
David Breitzmann
Is outsourcing justifiable in this economy?
Hello digi-neighbors,
In this economy the top priority of the electorate is job creation. With my previous marketing consultation I found it interesting that when we are the entreprenuers at first opportunity, we ou...
Payman A.
Depreciation recapture
Hi all. I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate". I have a 3 part questions:- So will the rate depend on your ...
Steve Wald
Purchased property from wholesaler and previous owner won't move
Hi all - I am hoping someone can provide some guidance. I closed on a nearby property November 30th, allowing the previous owner to occupy the property until December 15th as she said she needed the money at closing t...
Luke H.
Pet Removal Notice Template
Hello,Need to notify tenants that they must remove all inside and outside pets from rental property.Does anyone have a Pet Removal Notice letter I can have a look at? I've created one already, but want to see if ther...
Nicholas Lohr
Can someone tell me if this is accurate regarding LLC's please!
For my first deal I had to take title and mortgage in my own name as the bank would not lend to the LLC. However I do keep all the property's income and expenses in and out of an LLC that I formed because someone told...
Heather M. L.
Househacking / FHA / Multifamily
Hi, I'm a newbie to the industry, hoping to buy my first rental property this year. I'm considering using money from my 401k as a downpayment on an FHA loan. I want to househack a multi-family and live in it for a ...