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I am considering purchasing an STR in North Lake Tahoe. I know it’s not a great CoC area but it would be something we would use as well so that’s the upside. I am curious if anyone has recent current experience in the...
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I want to buy properties in Detroit and I was considering using the Detroit land bank for there low value distressed properties. Depending on the zip code I was wondering could I gamble with them on a fix and flip or ...
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Good morning BP Homies!I attended the age old "Texas Tuesday" traditional courthouse auction lawn party yesterday and witnessed some interesting things I wanted to share. For those that may not know, the market here i...
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I will be rehabbing my investment property (property manager will oversee) and am wondering if contractors expect some upfront payment (e.g carpet layer to buy carpet, cabinet maker for kitchens). I currently have a s...
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I was at a coffee shop the other day with a very good friend, and she was flipping through one of the local weekly papers, and she asked why so many brokers put their pictures in their ads. I couldn't offer any good i...
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Does anyone have any specific advice or experience for purchasing bank owned and foreclosure properties from auction.com? If so, can you please share? I am new to investing and looking for opportunities to invest out ...
Hi All,
Anyone know if it can be written into the contract that renters will not be allowed to take mortgage/rent forbearance? I'm a landlord about to list a rental and would like to avoid a tenant occupying the prop...
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Is anyone househacking in SoCal? Is it reasonable? I mean, with the costs of multi family (700k-1 mill) and the prices of rents, what reasonably is the owner paying to stay in it? I am just wondering, as I am planning...
Wondering if any condo investors in Chicago like to share their experience. What are you budgeting for annual repairs/reserves in the typical 2br gut rehabbed low rise condo? Lincoln Square 180k 2br 2ba all in $1100 a...
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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 ...