Kevin Schick
Reporting Hard Money Income
Hypothetical scenerio: Lend someone $20K which they use to purchase/rehab/sell property. Deal is I get 20% of their profit. I am not listed on property deed. They clear $10K, so I now have $2,000 income.
If I hav...
Sarah Noel Block
Landlord Responsibility Automations?
Looking to hear from current landlords:Would you be interested in someone who would set-up automations for you like rental collection, maintenance requests, ads, showing scheduling, tenant onboarding?It wouldn't be an...
Dan Costantino
Marketing a flip/rehab before you're done
I've heard from many that you should put the FOR SALE sign in the yard before your rehab is complete. I've also heard (and it makes sense) that you should complete the Exterior first to gain the curb appeal to genera...
Brian Ward
Wholesaling Mentor Needed
I was looking to purchase a home near me it’s listed by owner for $50000. The owner replied to me saying the following “I am in NJ and it will take some scheduling to make arrangements to show you that home. I need t...
Will Fulton
Multi-Touch Campaign for NOD leads
I'm getting ready to start out, and I'm wondering about this.First of all, our REIA leader last night defined "campaign" as one specific day and marketing method (eg. pink postcards mailed on 5/1). This really threw m...
Ali Hashemi
Tax implication of selling one property from commercial loan
I have multiple duplexes under a single commercial portfolio loan. I'm interested in selling one of the properties and leaving the loan intact. If I sell one of the properties is it considered 'taxable gains'? My goal...
Kevin Means
Best way to prepare while waiting for closing on a flip.
In the process of purchasing my first flip with two partners whose first flip this will be as well. I was wondering while waiting to close on the house, what do you do to prepare. First thing I will do is make sure ...
Saleh Sadaghiani
Is it worth it to get my real estate agent license?
I've been thinking about getting my own real estate license so I can save more on properties I buy, including our own future primary residence. Does it financially make sense to carve out time from my schedule (evenin...
Robert McEachern
Depreciation Recapture in Seller Financed Transaction
Hello All:I am trying to purchase a 4-plex using seller financing and the Seller's accountant is telling the Seller that they need to receive enough of a down payment to cover the depreciation recapture which is taxab...
Joshua Messinger
Which Loans are the Most Common
Hi everyone! Which loans do you find are used the most commonly in the deals that you do. Would love to hear anything you have to say!