Craig Brouillette
90 day flip rule???
I've come across this on the last few flips and wanted to see if anyone has any ideas of a way around the following example.
Buy a home on January 1 with the intent to renovate and flip it.
Complete the...
Sean Carroll
Things to ask your General COntractors
Recently I have connected with a gentleman over BP and I have to say I am absolutely impressed by his vetting process and the questions he asks. He never asked a "silly" questions and only clarified when he needed to....
Ibrahim Hughes
Should we upgrade to 200 amp service?
Hi all. We just started rehabbing a 1500 square foot house in an upscale neighborhood. It currently has a 150 amp service and panel box in the basement. My thinking is that we may need to upgrade to 200. Especially...
Blair C.
Online/automated tenant application and screen
Hello,I was curious if there was any sort of consensus regarding online or streamlined screening of tenants; including application. I have seen a few names tossed around and have used "Tenant Check" years ago, but it...
Hal Cranmer
Mobile Home Investing in Minnesota
Hi Everyone,
I bought Lonnie's materials and started looking into buying and selling MH's here in MN. However, the first park owner I talked to told me that you have to be a dealer to buy and sell mobile homes. Sur...
Kevin Fintland
Follow-up Questions to: HOA trying to collect reimbursement for cost not my fault. Threatening a lien.
My HOA states that I am responsible for flooding that occurred in our building (not due to broken pipes or faulty plumbing). I live of the 3rd floor of a 3 story complex and wanted to change some tapes in my bath so ...
Michael Plaks
5-yr depreciation - for tax geeks
On a different thread, I was challenged by my usual sparring partner @Eamonn McElroy. Our purely theoretical disagreement was over a $100k excavator to be used in a rental business, which I'd call a stretch to even co...
Josh F.
Expensing vs. Depreciating Assets Under New Tax Law
I am getting a bit confused about what capital improvement costs for my real estate portfolio can be immediately expensed vs need to be added to my basis and depreciated over time. I am further confused by the concep...
James Wilcox
Can't see the property before an accepted offer
I have been trying to negotiate a deal for a duplex. Both sides are currently rented out. I was told by the realtor for the seller the following:"Inside showings will only be allowed with an accepted offer using the ...
Alicia Bell
Attorney Review of Documents
Hi all! Newbie here. I close on my first single family property tomorrow. It is located in North Georgia. I am going to have an attorney review my lease agreement.
Should they also review any of the following: rental...