Mike Schorah
How many people are you competing with?
I was just told by a potential seller that if I make an offer, it will be considered with offers from 5 other people. Is this typical? Do you compete with more people or fewer people?
Patrick Mazza
Investor money in a back account
I'm looking at purchasing short-term term rentals with OPM If I have my Investor give me the finances as we are shopping for the right property how do I set up the Investor money in the bank account two where they wou...
Caitlin Daniel
Anyone doing this >15 years? Thru the crash?
Recently I’ve been looking into the ~18 year cycle of rising prices and the inevitable correction once people can’t afford housing anymore or the new home supply outweighs the population. Obviously, we have been on an...
Guka Kagu
Washington, DC Airbnb unhosted license?
DC's license division said you don't qualify for short term rental or vacation rental if DC property isn't your primary residence. How does people rent out their entire home then? I checked out properties on Airbnb an...
Dakota Ochoa
How do I deal with LEAD PAINT?
Hello! I’m looking for some insight on lead paint.
From what I understand, as long as it’s not peeling, you can just paint over it. I just want to verify that this statement is correct with people who have encountere...
Chris Hames
Grandparents died my mom bought sisters half from her but recorded the title wrong
Hi everyone, we are in California. My grandparents passed away three years ago my mom decided to buy out her sister's half of their home. She transferred the money into her sister's account. However, when they went ...
Tiarra D Taylor
1099 S form. Gross sale in wholesale question???
On a wholesale deal. $50k total sale, $11k profit. Double close process. 1099S form says $50k gross proceeds. Is wholesaler responsible for taxes on the whole 50k even though $11k was all they received???Or should thi...
Matt B.
As the ecnomy shifts how are your protecting yourself?
The US has a tremendous amount of debt, as more and more people line-up to apply for unemployment this number only increases. Unemployment is higher than ever, people can't afford to pay rent or their mortgages, many...
Joseph Hernandez
How to Keep End Buyer from Disclosing my Wholesale fee to Buyer?
Hello. I'm a newbie wholesaler. I will be targeting pre-foreclosures. If my assignment fee is 30k, how can I prevent the end buyer from disclosing my assignment fee to the seller? I think it's very difficult, if not i...
Jagan Reddy
Cost segregation and schedule E taxes
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses st...