Jonathan Makovsky
Closed: 16 Unit Buy-and-[probably]-Hold
@George Paiva and I closed on a different asset class than our single family flips. We purchased a 16 unit in New Britain, Connecticut.We purchased it for $505K (~$31.5K/unit) and average rents are $675. Top line numb...
Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Ali Boone
What do you do for Turnkey Due Diligence?
What does everyone do for their due diligence on Turnkeys? Going to try to compile a thorough list for turnkey investors to use! Everyone always asks, so let's give them something to use.
Nicole Heasley Beitenman
I need a new car but don't want more debt. What should I do?
Hi BP! My 2013 Jeep Compass has a dying transmission; I bought it used in 2015. I've seen multiple mechanics/transmission specialists; it's got a CVT transmission which are seeing tons of issues around the 6-year mark...
Jay Hinrichs
Today I paid a 100,000.00 Assignment fee !!!
AS all you know I am not all that keen on newbies thinking the road to real estate rich's is paved through wholesaling. And today I just paid a 100,000. assignment fee.. can't think of any bigger at least that I knew...
Kevin Prentice
Landlord vs. Tenant -- Anatomy of a Trial --
Went to court today. >>>> in the words of Judge Smails (from the movie Caddy Shack) "didn't want to do it...felt I owed it to them". Sorry, that just came to me. Anyway......If you're going to be a Landlor...
Sino U.
Feeling Unmotivated and Lost
Honestly, I thought I would go ahead and start with Columbus market and based on some of the data that I have seen it made sense. Now I am just not sure. I guess for few reasons;1) fear of out of state investing - yes...