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Hi - I just closed on a 45 unit property. Towards the end of the deal the seller would not let my property manager talk to the current resident manager.
The day we closed we learned that the seller’s brother is squa...
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To qualify for real estate professional at tax time you need to meet the following:
-More than half of the personal services you performed in all trades or businesses during the tax year were performed in real prop...
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Investment Info:
Large multi-family (5+ units) buy & hold investment in Mississippi State.
Purchase price: $650,000
Cash invested: $45,000
25 property package for a total of 59 units, purchased w...
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Im starting out flipping houses with a partner of mine in Florida. Any advice or tips for running a partnership flipping houses? How you guys handled the money? Hat you did to prepare for the business?
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I'm a newbie to STRs (I have LTRs) and looking to start in Branson (3 hours from home). I am debating self-managing vs using a PM, and am struggling to determine the tax impact of that decision.I know Sch E is where ...
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Several Basic Fraud Schemes to Note:I have now been in accounting and specifically in Forensic Accounting and Fraud Examination for 7+ years not only dealing with your typical frauds, embezzlement, theft, and breach o...
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For all the fixer and flippers out there in San Diego, where are your favorite places to get materials at a good price in San Diego - flooring, tile, doors, windows, fixtures, etc? I have found Window Depot in Nationa...
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Hello everyone!
I have a potential rehab deal I'm considering taking on. I have the finances for the down payment and a hard money lender available. It's a really good deal, but my concern is the availability I will...
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Hi all. I am hoping there are some NY, specifically Orange County area investors who know of some reliable contractors who will provide labor only. I have only been able to reach out to the big name outfits, who only ...
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I am planning to buy a fixer upper and make it a B & B. I'm torn about using a general contractor vs. doing the general contracting myself.CONs of Hiring a General Contractor:1. They are reputed to suck big time ...