This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
I've bought a couple hoarder homes in the past, they were the types of homes that rewarded you with experience. It's one thing when I am buying a house in that condition, because I am thinking of the the pot of gold ...
How many investors out there have let fear of losing money, stop them from taking a gamble on a property? Was it justified or did you end up regretting not making an offer?
Hey All,
I took ownership of a 7 unit bout a year ago and have steadily been renovating each unit. I have 1 left I want to do which probably needs it the most out of all of them. The tenant who lives their is on a fi...
Happy New Year everyone! Question for the RE Pro members as we start the new year. I have several nieces and nephews, and I’ve done my best to help them become financially literate. So here it is, if you were 22 and s...
I have a band who's been renting a row-home from me in downtown Baltimore for 4 years, their neighbor has a 97 year old mother with dementia and has been threatening to sue them and for me the noise when they practice...
What are the top 3 very influential things that you learned this year? 🤔
For me, these consisted of:
1.) Focus on doing “less”, ”better”. Focus on going very deep on the few things that you really enjoy/that matter ...
I have a tenant that's been causing problems with other tenants in my building...he's a 60ish year old guy with some mental issues, a drinking problem, and no job. He's paid his rent on time for the most part, but he'...
I'm evaluating a house that has a history of meth that will require renovation. It is located in Colorado and my best understanding is that since it was remediated I don't have to disclose it to a buyer. I will be di...
I am a new investor of a single family home. After some rehab, we began renting it in August of 2018. So far, so good. We’ve been fortunate as our first tenant experience has been excellent. Young family saving for ne...