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HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
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October 2013 - Completed my first wholesale deal. I took all that money and put it into marketing, I got my second deal a month later.2014 - I partnered with my cash buyer on both of these deals (still my business pa...
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I'm considering using a property manager for my first RE investment. I understand there are different circumstances that can determine if this is a good decision or not but I was wanting to hear some of your opinions ...
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l live in Montgomery County Maryland where the property prices and rents are on a higher side. This would be my first investment property if the offer gets accepted.
I am looking at 2 properties:
1. I just went and l...
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We've been making acquaintances with several realtors in town but I think it is time we settle down and find someone who speaks our language and can help us find properties that suit our model. That would be B/C areas...
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Hello everyone! First I wanted to say thank you to everyone for reading my first post and all of your years of amazing contributions on BP. I have already learned a tremendous amount from you and this is only my firs...
What a nightmare trying to find a contractor to do a small shower. All contractors want $10,000 and I’m like what the heck. I screened and screened and searched up and down and right and left till I found a unlicensed...
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I'm a new landlord and I can't decide whether I have to do my taxes at HR Block or shall I go to CPA.
Last year I brough my mother to the US from abroad (adding dependant), bought 2 houses, paid cash for both but too...
Hi Readers,
Question for anyone who is currently receiving rental income - what are you doing with that money?
I have a multi-family property in NYC where I am cash flowing anywhere from $300-900 a month depen...
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I have heard different opinions regarding late fees. My properties are in the Denver Metro area, and the currently renting for $1150 per month and I charge $20 day late fee stated in the lease. Is this fair and re...