Has anyone used Morris Invest to buy property. I had a phone call with them today. And it’s one of those things that sounds to good to be true. Which usually is but I figured I would ask lol. Thanks!
Hi, I would like to hear from other experienced landlords how long it takes for you to get an apartment in rentable shape, I'm talking in a situation where it's not in terrible shape, kitchen bathroom are ok, walls a...
I just closed on a single family that I will offer for rent once I get done painting and doing some small repairs. It will probably take me a couple weeks. If I’m unable to get a tenant moved in before the end of th...
I'm wondering... if I get an FHA loan and buy a 4-plex to owner occupy, and if I put another person on the deed who is NOT on the mortgage, would gift taxes be triggered? And if so, how are those calculated? If the 4p...
I am very New to the Industry and Need Help with words and terms used in Industry. Can there be a room rented out as an Apartment in a Single Family Home with multiple rooms? Isn't Apartment the term used for Unit? , ...
This topic of "driving for dollars" is often brought up when the matter of finding wholesale deals arises. I believe the concept is great, but I'm still unclear on one thing. Once I find a vacant, or run-down looking ...
There is a Wendy's for sale for $1.7 million. It has a 5.5% cap rate which is $93.5k. How can you profit since the mortgage will take almost all of that. I used online mortgage calculator and I don't get how people pr...
Hey Everyone ...
I know the IRS requirse at least 750 hours AND that no other *job* carries more hours than RE.
Now, my question ... What about income? I own my own business, and have no problem saying I simply ma...
I haven’t pulled the trigger on a property yet, but I’m trying to get knowledge of situations prior to going in so I will know what to do when the issues arises.If I have a contractor working on my property, and his w...
Hi everyone, I need your help!I am an Anesthesia provider and earn a great salary, have a 750+ credit score and low debt to income ratio. However, I am still having a hard time with financing because I switched from ...