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Is investing in a Strip club with the property a good invest
I am concidering a deal on a Strip club in Ohio. the Owner is willing to do some financing and has a assumable loan on the property. The building has totally been remodeled and dosn't need much more. Has any one done ...
Jody Vreeland
Depreciation vs Repairs/Maintenance Expenses- Tax Ramifications
Hi all- Our tax accountant informed us there there were changes made by the IRS last year regarding "rules/guidelines" on how you can categorize expenses when rehabbing a rental property (not flipping). We, like many ...
Slaiman Atayee
What do I need to verify non-standard income for a lender?
I'm a salaried employee for my company and have a standard w-2 for the majority of my income but in the last year i've started doing things on the side like the occasional wholesale deal or some remodeling work, both ...
Chris Tao
Rehab homes with Lead based paint
Hi BP,A newbish question. Anyone has experience on rehab/remodel older homes with lead based paint? I am curious about:- do you just paint over it or need to strip it first?- when selling, do you still disclose lead...
Arshiya Taami
What are some requirements I need to get a Hard Money Loan for my first Fix&Flip?
my friend and I are looking to do our first fix and flip as partners using a hard money lender, we have never done a fix and flip before but we have experience/connections with remodeling houses/construction.
Jason Walkowicz
How do you determine the +/- adjustments of a comp
I've often wondered exactly how an appraiser comes up with the adjustment values that are used when comparing properties. For example how much credit or deduction is used for a 1/2 bath, more or less square footage, ...
Travis Stern
Advice on how to best structure a loan deal in 2nd position
So I am stepping outside my comfort zone of landlord/flipper and making a loan to a fellow investor for the down payment on a flip house. I am planning on taking 2nd as he is getting a hard money loan who will be in f...
Cayla Walker
What do hard money lenders want to see?
I have a property in mind that I want a hard money lenders help on. I have a few lenders in mind but how do I present the property to them so they more than likely will say yes.
Lacey A.
No Forwarding Address vs. Security Deposit
We had a tenant just vacate without leaving a forwarding address. They also didn't even attempt to clean and have exhausted their security deposit to the extent that they owe us money. They owe $2500 more than their s...
Jacob Spain
Learning Construction Costs
Hey guys!I'm a brand new investor, and I'm looking to get into single family flips. I'm having a hard time with the construction cost estimate portion of the calculators though, as I have no idea how much it costs to ...