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Unusual Situation -- advice would be most appreciated
hi,
I'm hoping someone here can provide some insights...I'm reluctant to divulge this information to just any "advisor" whom I don't know well (for reasons which will become readily apparent), so I thought posting it...
Carlos Vega
When your rehab starts to go over budget...
I bought my first property (duplex) back in June of '18 via the "House Hacking" Method Purchase price was 90k with an ARV of ~130k. My initial Rehab/ repair budget was 15k.Goal was to get the work done and cash out re...
Laura Tabarez
Tax Lien Investment in AZ (Maricopa County)
Hello everyone!I am looking for feedback on tax lien investing in AZ. I went on to the Maricopa County website and realize they have an auction coming up in February 2020. The site has already opened for registration ...
Davido Davido
Neighborhood Cooperates to Rent Abandoned Home. Who Pays Taxes?
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
Account Closed
Experience with Aurelian Capital Management?
Hi everyone,I was wondering if anyone has used this company for financing? Here is the company http://aurelianlending.com. They seem to have good financing programs but was wondering if anyone's used them, specificall...
Chris Brenner
Rent to not ideal tenants?
Hello! My wife and I are new to the REI scene and actively looking to make connections, deals and grow our portfolio. We just recently bought a duplex and am owner occupying. The tenant side was already rented out and...
Dale Lotts
Pre-screening tenants to Scheduling a showing
Hi Everyone!
I have several units and I work full time, so I work hard to automate my rental business as much as possible. So far so good!
Tenant screening is working great once the tenant moves in! Three evictions...
Karen Polis
IRS liens on Tax Sale, Montgomery Co. PA
I'm looking at a property that's going up for tax sale and I see it has 2 open IRS liens on it. I know in other states, such as FL, the IRS has 120 days to redeem the property - they pay you back what you paid plus 6%...
Ludmila M.
What are the cons of taking out ROTH IRA contributions?
My husband and I were thinking of taking some money out of our ROTH IRA for the REI business. The amount we'd withdraw would be around 20% of our overall retirement funds. We are in our 40s, if that matters.Aside from...
Padric Lynch
Can I pay a contractor with cash and still write it off (taxes)?
Can I pay a contractor with cash, but still write it off as a business expenses. If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?