I am looking at an inn that sits within walking distance to a big lake in a nice area in NY state, Catskills.  The inn has been closed for 5 years without any upkeep.  I am attracted to this property as it has old wor...

Screening a tenant that is self-employed. Provided a 1099 from the company he does work for which is under his company name and one month's bank statement under same company name.  They also own and rent a 4-plex so t...

Not sure if this is the nest place to post, but I'm about to take a partnership with a friend who has an established restaurant business , he has a bar on premise but the bar has been obsolete and does not generate en...

This topic comes from just wanting to know what is working best for active investors, not so much the full time investor. A lot of people would go with mailing to circumstantial sellers. When you mail out, are you m...

Hello Everyone!I am new to the community. I'm 23 years old, and I currently work a corporate job. Recently, my father passed away, and I don't know if I should stick in my corporate job or help my mom manage my dad's ...

My wife and I bought our first condo in our own names. We recently sold that condo to 1031 exchange. We had bought the condo with a conventional mortgage in our individual names. For 1031 exchange, we can't close the ...

I am a licensed real estate agent out of Beaverton, OR. I am now going on my second year with the firm that I started with when I first got my license. Our annual transactions as a company for buyers/listings in real ...

I was laid off from my construction management job a while back and I'm thinking of getting started in REI as it doesn't look like I'll be finding a job anytime soon. My credit score is in the 700 to 750 range and ha...

Got my tax return back from CPA today and ended up paying IRS more than "my fair share" but paying taxes is a good problem. Uncle Sam made me a deal though, since I opted to deposit an additional $13,000 into our SDIR...

Hi BP,Quick tax question.  I am setting up my LLC this year but I have some RE expenses from last year? With other businesses in the past I still wrote those off I thought without an official business set up but I may...