Douglas Ward
Abandoned Properties Research
We located an abandoned property. It had a phone number on the notice of abandonment. We called to find that it was a bank, but they had no record of the house and or notice. We tried the courthouse, records and ta...
Daniel Adams
203(k) loan. Stuck with a bad contractor who wants to charge more
Hi All,Wanting to see if there is any advice for a situation that I am going through. I closed on a 203(k) loan on January 4th. My wife and I thought we had a decent contractor and the work was slow but it was progre...
Emily Fischer
Reasonable Expectations - Good deal vs. great deal
Hello All, My husband and I are looking at buying our first home. We have been sacrificing by living with my parents for the past 8 months to save up money. It has been hard. My parents have very different life styles...
Joel Davenport
Tenant with no furniture
I had a house that caught fire last night. Hopefully just minor damage to the fire place and roof damage. However, the real question is, do you ever have tenants with little to no furniture? One of the firefighters sa...
Ken Nyczaj
How I got my first Residential Contract of Sale signed.
Hey everyone, for anyone starting out I just wanted to give some information and knowledge about how I got my first contract signed. Not closed yet! But signed! Inspection is going on this Saturday.Since the end of 20...
Josh July
Tax Audits; ARE THEY TAX DEDUCTIBLE?
I have a quick question on tax deductions. Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited...
George Moehlenhoff
Question about CPA taxes cost
I have an established LLC and we have 1 SFR. We track all of our financials in Quickbooks Online. When tax season comes, we give our CPA access to our QB and send him our W9s from our personal jobs as well.He handle...
Joe Colossale
Are condos worth it?
I have been looking for my next property and have an opportunity to buy a condo for below market value. Seems like a no brainer to buy a condo at a discount but I am worried about using it for a long term rental becau...
Monica Litster
JV on my first multi fam
I am getting ready to discuss a JV with someone. I am doing my first multi fam; he has many units. My original thought was to just work with him as a private money lender, where he brings the 20% down to the table, tw...
J Adams
Development vs Construction
I am reading IRS Publication 925, "Passive Activity and At-Risk Rules". In Real property trades or businesses paragraph it lists development and construction as two separate trades. Scanning the forums, I do not see a...