Vincent Phan
BRRR - need input -is it worth it?
Hi all,I'm in a multiple offers situation with a bank owned single family house. Listed for 250k and we offered 231k. They want best and final offer in 10 days. What do you guys think? is it worth it?List price: $250k...
Account Closed
Subject To – Why You Need Money To Buy Using "Subject To" (SubTo) - Safely, Legally
Subject To is definitely NOT a “No Money Down” technique”, Here’s why . . .
The obvious question is: "How Do I Keep Finding These Smokin' Deals"
It costs money to locate a willing seller. One of the largest wholesal...
Mike D'Arrigo
Did Your Retirement Account Do This in 2015?
The DJIA closed at $17,833 on January 2, 2015. It closed the year out on December 31, 2015 at $17,425--down 2.2%. If you're IRA or 401K followed the performance of the DOW, you had no gain for the year. Furthermore, t...
Account Closed
disability SSI/ multiple tenants/dogs questions
Ok have one tenant now who is recieving 700 a month in disabilty and SSI he wants to move in with his mom who also gets 690 is SSI and his wife who works 40 hours a week at BK and has been there a year. How do I ask a...
Account Closed
Reg. D 506(b) Advertising
The following is from the SEC's website re: 506(b):“General solicitation” includes advertisements published in newspapers and magazines, public websites, communications broadcasted over television and radio, and semin...
Josh L.
Increasing security deposit with each rent increase?
Originally, I start off where the security deposit was equal to one month's rent. But, every time you increase the rent, do you also increase the security deposit so that it continues to be equal to the new amount for...
Jim Francis
Do I have to pay interest on security deposits?
I've heard that landlords have to pay interest on a security deposit in some states. Is this true? Is there somewhere to find out which states this applies to?
Mary Jay
AGI, MAGI, ets-question for accountants
I have couple of question for accountants:1) Is there anywhere on a tax form that calculates your total income?Total income: from everything; from W2 + from rentals, + every other income , without any deductions. Ev...
Dylan Dell
Wholesale Tax Implications
Hello All,
Just a quick question for the seasoned wholesalers out there. I'm wondering what the tax implications are specifically for wholesaling and which forms are utilized. Obv- my best bet is to touch base with...
Syman Scarpellino
Investing Deposits? Risk/Reward?
Hey BP Community, My rental portfolio is steadily growing (still pretty smalltime), I am up to about $20,000 in tenant deposits. Thus far the money just sits in an account, as its not my "free and clear" money.What do...