Nate Mac
Flipping- Repairs in 2018 are cost basis for Sale in 2019?
Background: Created LLC partnership in 2018. Purchased a Home to renovate in 2018 and sold it in 2019. Purchase Price: $60,100 In August, 2018Renovations: $30,000Utilities: $ 2,000Property tax: ...
Chris Kovarik
Pay cash in a less affluent area or finance in a nicer area?
I have enough cash on hand that I could purchase a home in a less afluent part of town, or finance in a nicer area?I've always been a little gun shy about borrowing money, but understand financing could increasing my ...
Bienes Raices
Paying personal credit card bill with LLC check
I'm getting my tenant credit reports, etc. from a company called Quick Check. Quick Check does not have technical capability to have more than one user credit cards on file so that the user can charge different report...
Tj Simmons
What is the craziest thing your tenant has ever stolen?
My Mom has always has rental properties in the city of Grand Rapids growing up, I thought she had the craziest story when she told me that one of her properties one time my step-dad pulled up to it to check on it, and...
Peter Bui
ROI of 4% too low in Riverside ?
Hey guys!
Quick question. I have done the analysis and here’s a quick summary of it. Just wanted to know about the ROI. I noticed houses in riverside are pretty high right now and if I were to 20% down a 400000 proper...
Fetch Phoenix
Bought in a Fire Prone Area, should we sell and consider renting?
Hello community,We have purchased a home in Nevada City, California that is currently a cash flowing rental, until it becomes our primary home in 1.5 years when our family relocates to the area. The good news is that ...
Steve Fitzgerald
Lease Review- Anything to add?
Here's a lease I'm working on for a property I now in CT. Anything you would add?Steve---------IN THIS LEASE the words "we", "us" and "our" mean the Landlord, ________________________.The words "you" and "yours" mean ...
Max James
You're using the wrong expense assumptions...
Not sure if you guys listened in on Ben Leybovich's webinar last night, but I have to say I agree with him.He showed how you can drastically come up with a different valuation of a property ALL based on your assumptio...
Ben C.
Architect Quit What Now?
Hello,I had the unlucky misfortune of getting a very tough building inspector on a project I'm working on. The building inspector is asking for specs on what type of bolts should be used to attach the lally column pla...
Michaela G.
Big problem tenant is threatening....again
I have a huge problem tenant.....I'm not going to go into all of the details.
Anyway, there are 3 ways for tenants to pay the rent: Give it to me in person (because I used to live half a block from the creative comm...