Got a quick question about wholesaling and taxes. When wholesaling, are you issued a 1099 or anything from the hud 1 form or do you just make sure that you take care of the taxes on your own according to how you are s...
I am currently in the process of closing on my first apt building and I have a question in terms of improving the units. Is there any certain guidelines that you follow in terms of getting your return back on your inv...
Just received notice from my bank that they are accepting new apps for PPP 2. I am up in the air on applying or not. The 1st PPP helped a lot with our self-storage employees, but we're okay right now. I am also concer...
You purchase a house. At closing, you find out there is a person - maybe an adult child, relative, or friend, who was living with the family and refuses to move out. They claim that since they have lived there for a c...
Hi, I'm wondering if you all consider home owner's insurance as tax deduction on your rentals? I'm reviewing my last three 3 years of returns where I worked with two different CPAs. I didn't notice this before but I n...
Hi Guys really appreciate your time and help, I am new to the real estate business, we recently bought into the property market in Ohio with 3 multi units with approximately 50 units in total. Are the following charg...
Hello, I'm brand new to bigger pockets. So this question question has most likely been answered already. But here goes! My wife and I are considering buying a duplex. Built in 2004. We plan to use an FHA loan and 3.5%...
What's up BP!
Many people have asked me what they need to do to get approved for a loan. There are a bunch of ways to help prove yourself to a Lender, but staying healthy in these four categories will put you in t...
When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...