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North Carolina Sales and Use Tax for Landlords - New Rules
House Bill 1050 (S.L. 2014-3), signed into law May 29, 2014 by Governor McCrory, provides that the gross receipts derived from the rental of a private residence, cottage, or similar accommodation listed with a real es...
Alex Carbonell
Investing while paying child support
HI...hopefully someone can help answer this questions. I would like to get into real estate, either flipping or rentals but I have a major concern, I owe child support which I pay regularly every month religiously. I ...
Luke Roberts
Good deal or not? Infinite Return but violates the rules of thumb
Hey Investors, I have been looking for deals all year and in my area, rents don't typically EVER cover the 1% rule because houses are too expensive compared to rents. However, this deal is owner financed up to 80...
Andy Tonya
New to Investing We have purpose No plan Looking to connect in Rockford area
Invested $10,000 in AirBNB. No Support and/or no experience either. Have equity available We just don't know how to connect with the right people or how to avoid mistakes. Need some mentoring and guidance. We will do ...
David M.
Approved SS, needs re-negotiating.
Ok, here is one from HSBC. This one is listed with a realtor, BPO is done($185k) over 30days ago. Agent had a full price offer in, HSBC accepted and issued an approval letter. ARV is $185k, which is overpriced and thi...
Lucien Perreault
What to present an investor when bringing a deal
Good Morning BP,I am planning on writing an LOI for a property in the next week. The deal will be either a 4, 6, or 10 unit property(depends on who accepts my offer). These are all LTR that require some work but the e...
Rason Lockhart
MULTI-FAMILY RENTAL PROPERTY WALK THROUGH
Hey Guys, currently I'm looking at multi family properties with my agent and we are in the process of doing walk throughs and showings! What should I be looking for when doing a walk through of these properties. I've ...
Nick M.
Prospective tenant income verification question
Merry Christmas to everyone!
I am in the process of renting out a home and want verify the income for this couple that applied for it. My question is: am I legally allowed to do that and how do I go about it? Do I c...
Mikhail Pritsker
Strategic Opportunities in the Current Multifamily Market: Part 1.
Mezzanine Debt and Preferred Equity. Part 1. Executive Summary
The multifamily real estate sector has experienced a sharp rise in distress rates, increasing from 2.6% to 8.4% over the past seven months. This surge c...
Brown Nathan
Depreciation Land Vs Building
I have always been using a 85% building and 15% land value for calculating my depreciation basis. Now my accountant is saying I have to use the tax basis and the county is assessing most properties in my county at 50%...