Sangenya Machi
Reasonable CPA fees?
Hi all,Im currently holding a property under an LLC last November. I hired a CPA to do our taxes and bookkeeping. Recently, he sent me an invoice for all his services. It was about $550 for the tax returns, which is q...
John White
Rent Collection - Mail, Collect In Person, or Direct Deposit?
Just curious if you pick up your rent from your tenants (not an option I would ever want to do), have the checks mailed to a P.O. Box (I have no interest in having my tenants know where I live with my family), or have...
Kevin Jeter
Attorney will not write contract for less then 10%
Hello. I'm a wholesaler in NY. New York is an attorney closing state. My sellers attorney said he will not write a contract for less then 10% of the sale of the home. My seller and I agreed on an earnest deposit for m...
Amanda Herr
Build buiness line of credits and authorized users
Hey Everyone,
This week I came across two websites on building business credit line and using an authorized user. Not trying to promote any of their products but I need your opinions or have any of you heard this b...
Christina R.
** PLEASE tell me your TOP 10 QUESTIONS to as PMs
Have a lunch meeting this weekend with a Realtor/Investor/Property Manager in Baltimore City. Looking to get into this market because of cash-flow potential. This will be our first property and will be using a PM ...
Chris Adams
Land development partnership gone bad, what can 2 partners do to 3rd
I have been hired as a GC to take over the day to day construction, marketing, and sales for a subdivision of new construction duplex's. In short I am 99% in charge of everything. Unfortunately the subdivision is a...
Jason Evans
Out of state investor looking at Cincinnati
I am a brand new investor that lives in Boise, Idaho and I am looking to buy a small multi family (2-4 door) rental in Cincinnati, Ohio. I have $25,000 and a pre-qualification from my national bank for a loan. I hav...
Shannon Trivett
Please review my Deposit refund letter - Charges due! - PA
Tenant moved in July 15, 2015 with a one year lease. Tenant informed me in June of 2016 they would need to move in January 2017 so I didn't do renewal paperwork. I was sloppy on the initiall lease and and missed the ...
Steph C.
Rehabs and 1099s
I know this a common topic of discussion, but thought I'd ask another question as it relates to rehabs (we GC our own rehabs).
I know you need to send a 1099 to any "independent" contractor to which you pay $600 or m...
Pamela M.
FHA Loan/lender issues
Hi all,I am in the process of buying an owner occupied multifamily (3 unit to be precise in Newark). This has been an ongoing saga. I was aiming for 5% FHA which I was approved for. But there were so many silly issues...