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My husband and I have just sold our longtime home in Michigan. We moved to Tennessee in 2008 and have been renting it out for the past 7 years. Here are the basics: We bought it for 130K 20 years ago and just sold it...
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Hello fellow investors.my specialization is in Rent to own and wholesaling.I have been talking to a lot of sellers lately and i'm close to closing a deal.While I work on that, I'd like to know how other experienced Ca...
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So I have read "Own your own Corporation" and researched on the internet. When incorporating, did you all use a corporate lawyer to prepare your entity or do it yourself? Also, do you currently use a lawyer to manage ...
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Good morning everyone, I am a new investor in the state of Maryland and anxious to purchase my first rental property. I have selected a realtor thru Bigger Pockets, I am currently analyzing deals and will soon be pla...
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I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...
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What software is everyone using for job costing on flips? I know quick books will work but I was curious if there is something out there that already has all the detailed costs input where I would only need to add the...
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Hi All,I'm a self managing landlord with a portfolio of SFH and duplexes. I've been tracking stuff mostly through excel sheets and such that I have created. However, I'm at a point where I want to move toward being be...
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It appears that some of the brokers have cookie-cutter Solo 401k plan agreements for their customers. Reading through the agreements the plans allow for Real Estate & loans. I know mysolo401k.com allows their pl...
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Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...
Here are the last 4 years of rental history licensing in Minneapolis. You start to see some interesting things when you 'join' this against the city Assessor file, in regards to how many actual units the Assessor is s...