James Sullivan
SDIRA checkbook status and credit card
I have recently went through the process of setting up my SDIRA with checkbook status. The bank that is housing the LLC insisted that I have a credit card. Is it a prohibited transaction to use the LLC credit card to ...
Jason Tassinari
Options for protecting your investment during rehab process
Hey group, I wanted to reach out to you all and get some of your ideas on the best practices for protecting your investment during the rehab process.I am looking at a property in a lets call it a “D” neighborhood. The...
William Allen
Market Predictions for 2022
Over here at 7 Figure Flipping, we like to look at the real estate market by looking at the larger economy and what we anticipate to be emerging trends in 2022. Then we look at what skills you might need to cultivate ...
Kyle Steiner
Deductions from Security Deposit
I have a tenant who moved out and left the place in decent shape. However, there were some scuffs on the walls, the kitchen counters had some dried food on it and the floors were dirty. The bathroom required some cl...
Ryan Dossey
Keeping track of expenses.
So we have set up our LLC and decided on a bank. I want to keep things as simple as I possibly can for tax time. My partner and I have invested from personal accounts on our marketing and supplies already. I currently...
Barry Cohen
Breakdown of repairs from property manager
Hi all. Looking to get some feedback. Is it unreasonable for me to request a breakdown of services and receipts from my property managers contractor when doing a repair. My PM had their contractor do a make ready afte...
Jack B.
Well reviewed Roofing contractor 40% wants prepayment
A well reviewed roofing contractor wants a 40% prepayment on an 8K roof job. They have great reviews online. I dealt with a plumbing company for a plumbing retrofit once and they had a similar request, which I obliged...
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
Hello,I've had some issues with excessive costs through my property management company over the years. I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person ...
Rob Bergeron
State of The Louisville Market
Money is tightening up anywhere (I read something about bonds being pretty lucrative right now, safer bet). We are still moving product at a pretty great rate. I think everyone kind of understands rates will be fallin...
Melissa Kelley
Charging for Work Done by Yourself vs Highering
Hello Everyone! This is my first time posting, hopping to get some clarity. How do you accurately charge for repairs, cleaning, damages and labor for things you do yourself verse highering someone when your tenant mov...