Fernando Fiscina
Capital gains as a foreigner
Hello, I'm planning on purchasing a property in Tampa Bay. My plan is to flip the property, rent it out for a bit and sell it within 2-3 years. Being Canadian, what would be the non-resident withholding tax on the sal...
Kenny Kuramoto
Help me understand this Hard Money Term Sheet
I wanted to see If i got this explanation right on this Hard Money Lender. I know people will have this question so here is a sample sheet I have. For context this my first BRRR so thats why the rates are probably hi...
Michael Garson
Civil Judgement on Credit Report! How much is it hurting my score?
I am shopping around for loans, and recently checked my 3 Fico scores.
I was alarmed to see that my 3 scores were 698, 709 and 752.
I take great pride in paying everything on time, and having a good ...
Ryan Hoyle
Two foreclosures deciding between
I am in a bit of a predicament. A good predicament. Deciding between two homes for a buy and hold. One home is significantly larger 2.8k sq/ft and another 1.4k sq/ft. Both homes will cash flow nicely, but the 1.4k sq/...
Jhoana Olarte
JULY HOME SALES ACROSS HOUSTON REACH RECORD TERRITORY
Following a strong performance in June, single-family home sales soared into record-setting territory in July, leaping 23.0 percent year-over-year with 10,975 units sold – a record one-month sales volume;The Days on M...
Timothy Howell
Credit score situation
I have a situation on my credit score that has crashed my FICO completely.
I have a fantastic flip property in my hands and under contract.
With this being the current status of my credit score is it going to interf...
Jose Ortega
70% Rule Repair cost or Appeal cost?
When applying the 70% Rule to evaluate a property. Under "Repair" cost, do you evaluate what in fact "NEED" to be replace because is damage or you add a "REPAIR" cost because you want to upgrade?
Example: a floor is ...
Molly MacGregor
Mounting bracket problem- installing light fixture
Flipping a two bedroom condo on Cape Cod. I went to install a new ceiling light fixture but could not figure out where on the electrical box to screw in the mounting bracket. I see where it would fit, but there is jus...
Lindsey Leemis
1031 Exchange Sale - Primary/Rental -> Rental Entity Holding ?
Good evening!I have a primary residence that is deemed - 80% rental and 20% primary on my taxes. I am renting out majority of the house.Entity holding question: When selling and doing a 1031 exchange, I believe you ha...
Sarah Moncivaiz
Free rent or Rent refund?
My tenants have done some major work at the house and I'd like to Thank them by giving them a month free. Is it better to accept the rent and refund it or not require payment for that month? An explanation along wit...