Andrew Oladipo
Year End Review - What do I need for Tax purpose?
I have a contractor work on a variety of small fixes when I bought my first and only rental units. Total cost was $1500. Do I need to issue a W2? What other tax information can anyone share.
Thanks
Joe Terracina
Need partnership ideas for seller financing deals
A friend and I are talking about partnering together on a deal where the most likely outcome is that we sell it via seller financing (because the buyers probably won't be able to get traditional financing).We are talk...
Benjamin Cowles
Would you try to negotiate the seller take a 2nd mortgage?
If someone was offering seller financing on say half the purchase price and your other funding source would only offer financing with a first mortgage would you attempt to get financing from the owner with a second m...
Katelyn Atcavage Robideaux
Pre foreclosure/pocket listings... commission as an agent?
I have a few friends who are big time investors and wanting to do business together. Exciting but also a lot to navigate. I know they are interested in pre foreclosure and pocket listings... one of them wants an offic...
Nancy R.
First 4x4 purchased 08/16/2021!
Investment Info:
Condo buy & hold investment in Seneca.
Purchase price: $184,000
Cash invested: $184,000
4bx4ba off campus student housing. One bus stop from campus (5 min). <10 min downtown a...
Nate Pucel
Paying insurance payout to contractor in cash
I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment. Does this make sense financially? If the payment is considered a busi...
Arthur Means
75k Cash: Pay off student loans or use for a mortgage downpayment
Hey all,New here. I am hoping some of you can help provide clarity to my situation. I currently own two homes. One is a rental with about 40K in equity. The other is our residence with 75K equity. I am in my earl...
Garen T.
Taking property or a home in lieu of cash payment, for $1K?
I've been doing property development for a few years and I've rolled each project into the next. I've never taken much income out of the project. This next year that needs to end and I plan to start receiving somethi...
Farooq K.
What to do with cash, pay off a rental or buy more
Hi,I keep looking at current interest rates and property sales. It appears mostly property prices are on downturn all the zillow listings are showing price cuts left and right. I have one rental I can pay off possibly...
Abidogun B Kehinde
Tenant has no account: I am not confortable with cash payment any
Advise on how tenant can pay me with a visa card. she has no bank account. In the past she handed me the card to draw money from ATM. A lawyer advice against it citing potential for many complications. How else can I ...