Willow Baum
Seeking Ideas for Mortgage-Free Rental Property Owners in Sullivan County, NY
I am seeking ideas and creative solutions for a portfolio of roughly 12 mortgage-free, single-, two-family and four-unit rental homes in Sullivan County, NY occupied primarily by low-income families. Costs of capital...
Robert Fink
Housing Voucher Amounts (Section 8) in South Jersey and SAFMR
Hi all - hoping for some advice on renting out to housing voucher program tenants in southern NJ. Right now I own two properties that each have a HUD 2021 SAFMR of $1900+ each (4 bedrooms each) that will be ready to r...
Earl Stewart Jr
Filing taxes for 1st flip project bought with Scorp. Which forms?
Purchased property in 2017 and sold in 2020. It was bought under my S-corp. I know that S-corps file 1120s but where does the sale of property go? Schedule D or Form 4797? What about the closing costs? I should includ...
Mike Jay
Becoming a licensed contractor for permits only
Hello community,I've flipped a few houses/buildings and gutted them down to the brick walls and never pulled permits and thankfully didn't get caught(was up to code)I can't pull permits cause I have no license but I c...
Christopher Davis
Is a verbal agreement and/or addendum ever truly binding
A year ago I bought a new construction property from a builder. At the time spirits and moods were high. The house was a labor of love by the builder somewhat, according to him. In our conversations he said "Now Chris...
Ayodeji Kuponiyi
Deal or Flop? 8 Unit Apartment
I came across what MIGHT be my first big step into apartments, however, I have 2 problems: I need a cash investor to get the deal done and I need a very experienced person to help me check my underwriting on the deal....
Randy Dulac
Rehab acceptable tolerances
I wasn't exactly sure how to title this post. I looked at a house to rehab and I had a little trouble determining what would be an acceptable tolerance for resale. When I talk about tolerance, what I mean is the lev...
Aaron M.
Cash out refi to purchase more units
Lets supposed I owned 5 Properties (3 duplexes and 2 SFH) with 325K market value and purchased them with private money with 10 year repayment period.The properties would be owned by an LLC for 1 year and showed a po...
Rob Scarry
Seeking guidance from veteran investors
Mid-late 40's, NOT a real estate professional, and currently live in Germany. My wife and I have worked extremely hard and budgeted for years with the goals of paying off properties one at a time as we acquire them. C...
Account Closed
Why haven't you done your first deal? - Here's the solution . . .
Why haven't you done your first deal? Well, I was hoping you would tell me.Tell me, so I can get you going - What do you need?Leads?Money?Time?Experience?Mentoring?LLC or structure? Nerve? (I'm scared)Contractors?Con...