Anthony Simboli
New Member Introduction
Hi All,Just wanted to introduce myself to the community! My name is Anthony Simboli and I am a new real estate investor from New Hampshire. I just recently graduated from college and have been working as a Project Coo...
John S.
DC: if unit is permitted as a studio, can you rent it as a 1 br?
Hello Washington DC gurus, I have a studio condo in the district and am adding a wall to the unit so that it now is a 1 br. The thing is that it just barely misses the official 1 br definition - part of it is less tha...
Christopher Wilchensky
Laid off - looking to network
Hello all. I’m looking for some guidance. Here’s a quick backstory (because I think it’s relevant). Also might be TMI but I think it’s importantCurrently 37 years old. I invested in a rental when I was 25 in 2007 righ...
Breton Van Syoc
Having trouble getting a loan
What if you have 20% down payment, 900+ credit score but can't get a loan because you are self employed and can't prove 2 years of income stability. Income over 6 figures per year. Recently laid off from BP and start...
Mike A.
Are you still buying real estate now?
We have two closings within the next couple of weeks. One is a rehab, but currently has HAP tenants which were sent notice (I assume that's going to be stayed due to the COVID-19). One closing is scheduled for Thursd...
Richard Mur
Balancing Recent Tech Promotion vs Future Real Estate Dream
Today I was promoted/given raise of 19% during annual review. I had not been promoted in nearly 3 years and had been getting 4-5% raises in my review each year. It's big news and I'm certainly grateful.Prior to all th...
Mitch Genser
Accounting and Bed Bugs
I am getting some mixed messages about how to deal with the accounting for bed bug remediation in an apartment building my company owns. Normal, regular and modest 'pest management' is clearly part and parcel of '...
Gart Robert
Question about Schedule K-1 and Rental Properties and Royalties (Sch E)
Hi Guys! So it's my first year filing my taxes for my multi-member LLC's. I filed my business taxes first which generated my schedule K1's for my partner and I. I show a dollar amount in section 3 (Partner’s Share of ...
Domanique Huggins
Lvp or laminate, help.
I’m torn between a laminate that is not waterproof, but I love the color and it has a lifetime warranty. Also, only $1.29 sq ft on sale, I figure I can purchase a padding/moisture barrier and it would be fine. Or, I c...
Michael Peters
Foundation Issues Make or Break
Morning BP Community. Looking at a potential live in flip with a ton of upside but the detached Garage has some foundation issues and I've only dealt with basement issues in the past. Was hoping to see if any more e...