Jeff Brower
Paying yourself 3% commission on personal property purchases?
Good morning everyone. I would like to get some opinions on a situation that I have been contemplating regarding personal purchases. I am soon to be buying a 3 or 4 plex to owner occupy with an FHA 3.5% down loan. I a...
Adam Scheetz
What Questions Should I Ask the Self Directed IRA Provider??
I want to setup a Self-Directed IRA. I have a list of dozens of providers. Before I start reaching out, what questions should I consider asking to ensure they are the right fit? To provide context: I'm an Active-Duty ...
Michael O'Byrne
Tax lien discovered
We are are flipping a house and just put it under contract with a buyer. Their title company just informed me the examiner found a recorded tax lien from a few years ago of over $23,000. The house has been sold twic...
Dan D.
Cleveland and the Marketplace
I review the marketplace here a lot to evaluate deals and see what the market is doing. I have noticed that a lot of the wholesalers, turnkey providers and brokerages are working the Cleveland market.Is there anythin...
Tidal Creek
renter asking for a W-9
My daughter has been renting a house for a couple of years. She is about to sublet one of the rooms to someone. The new tenant is requesting my daughter fill out a W-9 so the new tenant’s employer can pay her rent di...
George T.
Property Tax Questions - Memphis
Hello everyone, I am trying to figure out how the property taxes are calculated. As the mortgage company is currently taking care of that, i did not have to worry, but I would like to understand how they are computed....
Brad Chatman
How hard is it to lower your property taxes?
HI All,I'm just starting out with rental properties and I've noticed a lot of properties that have very high property tax in Illinois and as a result the cash on cash return doesn't work out on a lot of these deals. ...
Nick Rose
Converting 8 Unit apartment building to a Hotel/Bed Breakfast?
I am getting details on a possible apartment building that is an 8 unit all brick historic building on the edge of a downtown area. I am currently looking for a 12+ unit building in Michigan, but I was told about thi...
Travis Walker
Buy in Richardson, TX
My wife and I are looking to buy a home in Richardson, TX next Jan/Feb 2022. Preferably west side of 75. Interested in lease purchase or property with 5-10% down. Student loans have prevented us from saving up to 20%....
Account Closed
Taxation in California for investment property
I once lived in CA and in 1988 I bought a small 2 BR in a working class neighborhood. I have not lived in CA for 15 years. I sold the house this year and there was huge appreciation. The escrow company is insisting th...