Alvin Uy
My first "High End" flip -- Looking for some input
So here's where I am with this.... A couple of weeks ago, a close personal friend reached out to me about an off-market property she picked up in Eagle Rock, Los Angeles. She is now on escrow using a loan to purchase...
Account Closed
landlord's will need to prepare 1099s
Under the new legislation designed to help small businesses was a small add on that is now going to require landlords to issue 1099s to any contractor performing services like repairs over $600.
http://www.allbusines...
Alton Williams
You Never Forget Your First
I was just thinking about the first deal I did a couple of years ago and how it came together.
It was an investor that had bought about 40 homes back in like 2010 and never paid taxes on any of them so it was...
Steve K.
Rent Collection in person
We recently closed on small multi family property in PA and have inherited tenants. Previous landlord went door to door to collect rents in cash or other tender and issued rent payment receipts. I personally went to m...
Angelica Osusky
First Flip at 21! Before and After Pics!
I just completed my FIRST FLIP! The rehab took approximately 3 ½ weeks. The home is a 2bd, 1ba townhouse that is slightly over 1000sq ft located in Illinois.Numbers:Purchase Price with closing cost: $55,290.25Rehab Co...
Steve Walko
Classic debate: Pay down student loans or begin RE investment?
Hi everyone,I'm wondering whether my fiancé and I should begin to pay our debt down ASAP or begin investing in RE. I know there are intelligent arguments on both sides of this issue and that it depends on the details ...
Mary Jay
Moral dilemma on eviction
Hi guys,I did an eviction today on one of my properties and the judge ordered the tenant to leave my property by April 3rd. The tenant owes me 5K in rent.Should I send this to a collection?I am a Christian, the Bible ...
Nick Troutman
Turn-Key Rentals- Good or bad idea? What are your opinions?
I want to get into rentals for some passive income, but I travel 6-10 months out of the year and cant manage them myself. I am intrigued by Turn Key rentals. Can anyone give me some of your personal opinions on whethe...
Mia Trasolini
Would you buy in a "sketchy" area with positive cashflow?
Any and all opinions are much appreciated!! So here's the situation...I'm an aspiring investor looking to make my first deal, focusing on multi unit properties (mostly duplexes). ... I live in San Diego. Prices and co...
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...