Debra Mowery
Taxable Deduction of Deposit?
I put $50,000 down on a property that I am buying through the owner. The closing is in January. How can I deduct this on my taxes?
Kelly Koenig
Understanding the Pet Deposit
This past year has been my first time with a tenant. They are now moving out and I am trying to decipher the lease. With regards to animals, the lease states the following:
"...at such time as Tenant shall actually k...
Ben Russell
Questions about rent to own
We just finished a flip that is listed on the MLS. We decided to also offer it as a Lease with a 3-year option to buy. Having never done one of these, can I get some feedback on how we structured the option and pose...
Marci Stein
No refund policy on deposit
went to see a home from an investment rei company on C.L. dealing with foreclosures only. web site looks authentic enough, listing many homes sold and some current ones for sale. Site states said if i make an offer,...
Steven Holiday
Refi with a Big Bank
Hello BP!
I have an issue I could use some advice on.
Smart money about a year ago was that the rates were going anywhere but down. So about September of last year, my wife and I refi'ed our Single Family Ren...
Matthew Sutton
Auction cashier checks?
Can anyone shed light on how to purchase from a tax auction? They only take cashiers checks. How do you pull that off? Do they let you come right back with the check? Do you bring various check amounts to add up to...
Jennifer Montgomery
LLC or S Corp which is best
My partner and I are planning to start an investment business buying and flipping. What type of business model is best, LLC or S Corp? How do lenders evaluate the credit worthiness of a LLC?
Jeremy Rusnak
Can you withhold refunds on prepaid rent?
Hi all,I have a tenant who is by most accounts pretty good. He is on a month to month lease, single parent working two jobs which I really respect. He has been late on rent one time which we worked through.When he ...
Joe Pitrolo
2nd thoughts 3 bedroom 98 Fleetwood
My bid of $3,500 was accepted, but it looks like repairs are more than I expected. Total investment about $9-10K. Retail value is about 12,000. small margin of profit.
Several reasons for optimism: 3 bR have higher ...
Account Closed
First SFR deal under contract! whatcha think of my numbers?
Hey guys! this house appears to be a flip that someone ran out of money on. they were close to finishing. it ended up going into forclosure. ( they tried to sell it before they lost it for just over 60k as is from wha...