Harris Pantlik
First time investor gets owned
So long story short I purchased two homes on the same lot June 16, 2020. I live in the slightly bigger one and rent the smaller one out to a nice young lady who has been pleasant to deal with. Fast forward to August 2...
Hans Langsholt
I have written a agreement and need a proffesional opinion regarding responsibility
I have written a agreement.
I find investors and possible companies/projects needing investments. If they decide to do business the responsibility is on them, not me. What they agree is their business. Please give me...
Tom Burke
New Rental Calculation
Regarding a two-unit I'm looking to buy, hold and rent: What am I missing in my calculations? Also, do my estimates seem to be appropriate?Data: A potential offer: $95,000 -- Closing cost: $3,000 -- Initial Renov...
Michael S.
Paint T-111 or install vinyl siding, which would be the better?
Hello everyone,I currently have an investment property that has T-111 siding currently. The red stain is very faded/weathered and I'm trying to decide whether to paint it or install vinyl siding. I'm not sure how muc...
Paul Bowers
Split profit or pay interest, how to structure a partnership
I have a friend who has some available cash. He is aware I have been starting my journey with real estate and has expressed some interest in possibly partnering on a deal. He has two young children, full time job, e...
Lee Common
Couple of Ha Ha Jokes
Katie Couric, Charlie Gibson, Brian Williams and a tough old U.S. Marine Sergeant were captured by terrorists in Iraq.
The leader of the terrorists told them he'd grant each of them one last r...
Brit Foshee
Am I a real estate professional for tax purposes ?
I am beginning to prepare for filing my taxes. I have not kept a good record of my hours. I have a full time job, but I feel like I've easily surpassed the 750 hour mark on my rentals and I probably have more like 10...
Amanda Swanson
Florida STR locations
Hi all - I currently have 2 STRs, looking at numbers and trying to narrow down a FL/AL beach location for the third. Is there any where in FL where the numbers still make sense to buy? Thanks for any insight.
Marcus House
How to do a partnership safely
Hello everyone I have a question but first I have to give you a little bit of background. For the last 10 + years I've been buying single family rentals. This translate into me going to look at the property and put in...
Shawn M Hannan
Interior damage caused by faulty roof installation
Hello All,I'm wondering to whom I should turn for guidance in the following scenario. I had a roofer do a tear-off and new roof installation of a flat roof on a 3-story townhome in Chicago last summer. As far as we ...