Jason Watson
Material Participation and REPs
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
Jeffrey Douglas
HVAC replacement/swap out. Cost for labor? Doable by myself?
So, I just got an offer accepted on my first home, super excited. Anywho, this crappy sellers market kinda forced me to go the fixer/pretty-upper route. The home has a probably 10-15 yr old HVAC system, obviously I'm...
Melonie Dickson
Agent wants to waive inspection contingency. Yay or Nay?
Hi bp. Putting an offer in on a property that may be getting multiple offers. My agent wants to waive inspection contingency. This is my first time buying a property and going through these Steps. Is this common? Is t...
Andrea Smith
Farm to Vacation Rental
Can I use a 1031 exchange proceeds to buy a vacation rental in Hawaii?Thanks,Andrea
Account Closed
Huge issue with tenants
Hi All, it is going to be a long post..
I have a house in Evanston (sub Chicago). It is rented to 6 students. I emailed them asking if they stay at the house when pandemic began. They did not respond. I have a clause...
Matt Shobel
Who's to Blame? Very Irratating
Hello, I recently rehabbed a house to sell and is now pending. When we listed the house, we put in the remarks that the house was sold AS IS. Inspections went fine, and we are about 1 week away from closing, but my ...
Adam Godfrey
Buying A FSBO Walkthrough?
Hello Everyone,
I have found a property near Indianapolis that is listed for sale by owner. I am debating on using a realtor on my end to aid with the purchase of the property but was wondering what the process was i...
Shalom Benton
Section 8- getting tenants?
We just decided to list a property with section 8… Our Housing Authority has a website that links us to something called go section 8… But I wanted to ask you what is the best way to get section 8 tenants?There’s a pa...
Matt Berklacy
duplicatable strategy repair, time estimate, flipping, agent.GC
What is a reasonable, most successful, duplicatable strategy and procedure in getting fairly accurate baseline numbers on repair estimate and time estimate for properties to potentially flip or hold, that need repair...
Jimmy NA
Prospecting Lawyers
I have been advised repeatedly, that a substantial amount of sales come through connections to lawyers. Do you think it is of value to write a letter introducing myself to local attorneys in my market? Here is some...