Robert Mayo
Smells like a rose or a fish?
The numbers on this deal seem excellent, but I need help on due dilgence. This smells fishy to me.
Tri-plex with 1/1, 1/1, and 2/1. Rent $400, $400, $500. REO asking price $35k, located in neigh...
Anthony Harrington
Moshi Moshi
Hello forum. This is Anthony from Tampa. I'm new to the RE investing game, I've been studying daily since the first of the year. I've attended several seminars and read over 30 books on the subject of investing, rehab...
Cynthia Ferris
Funny Fortune Builders Story
I recently went to one of the 3 day Fortune Builders seminars. As a newbie, did I get a good list of items to follow-up on locally? Yes. Did they convince me that their mastery program was for me? No.
Aft...
Maykel Garcia
Tax on selling overseas property
I am selling the house where I was born which is located in another country. The property is under my name but I haven’t lived in it for the past 15 years as I have been living in U.S. The sale price will not exceed ...
Patrick Philip
What should be my script for receiving wholesale calls?
I'm about to send my first mailing out on Monday. I need to be prepared for the incoming calls. What should be my general script? What questions should I ask?Some ideas:1. Why are you selling?2. What kind of condition...
Sean Gallagher
Cost seg / accelerated depreciation to offset W2 - thoughts
Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
Ryan Schwartz
Fixing FICO Score advice
Hi All,So I've always had a pretty solid credit score and thus never had to develop a skill set to improve my fico score other than paying things off and making regular payments. My wife, however, is a different stor...
Abraham Anderson
Motel, Weekly Rentals, Evictions
I'm trying to turn around a motel (located in Tennessee, Sevier County). Currently it's weekly rentals. Most of the tenants do not have leases. There are several who have no intention of paying & need to be evicte...
Michael Glorioso
Real estate license? Or not
As a wholesaler should I have my real estate license or not? I went to talk with my first buyer at lunch today and they told me it might not be the best idea. Because, I would have to state on every marketing item tha...
Matt Larson
Retroactive Depreciation question
I have been renting out 60 percent of my house for the last 5 years. I used 60 percent for all depreciation regarding taxes. I moved to a new state and I now rent out 100 percent of my house. I'm wondering how to ca...