Mark McDonnell
Q re: proof of funds
Apologies in advance if this question has been addressed, or answered, elsewhere in the Forums. (If it has, I wasn't able to find such an answer.)
My wife and I are new to REI, doing some wholesaling in South Florida...
Robert Adams
Nevada HOA liens do not supersede first mortgages
I know there has been a lot of discussion about the HOA foreclosures in NV since the 2014 ruling. I received this update on this issue from one of our hard money lenders today and thought I would share it with the BP ...
Stephan Guna
What to make my rents
Excited to say that I am in the process of closing on a house. Been looking for my first investment property for the last couple of months. Finally found a duplex I actually fits my parameters and seems like a good de...
Michael Behr
1investment Multi family
I found a 4plex! (Occupied) I went and saw it today was supposed to see all 4 units only saw one. I like the one I saw. Realator said I should see the other 3. Can I offer contingent on seeing them? The occupants were...
Kay Khan
Third toilet in three months
Tenants moved in three months ago and we have already replaced two toilets in the last two months. I got a call this weekend and my maintenance guys worked on it, saying sewer line is clear but some thing is stuck in ...
Mary Joe
Deleting applicant's file - dilemna
Hi All, I always delete the applicants files and personal info after I have denied the application. Would it come back and haunt me one day if someone files a complaint claiming that I unfairly reject his/her applica...
Vitaliy Hayda
Land search with GPT-4
6 months ago, I built a crude Google Sheets land search tool with GPT-4 post-processing to transform descriptions into yes/no answers. Within 3 weeks, we had a shortlist of 9 lots and ended up buying one. However, the...
Michael Turner
STR Material participation requirements for married filling jointly
New to the forums, and I haven't been able to find the answer to this question yet (I apologize if its been answered already). My wife and I own a STR property via an LLC in which we are the sole owners. The LLC is in...
Walchli Donna
How to report income on hard money bridge loan repaid to me?
Q1: How do I report the interest passive repayment interest income from a hard money-bridge loan I made to a flipper?
Q2: How do I report the profit and expenses from the sale of a flip?
Nhi Nguyen
Client claims things got stolen ...
Hello everyone.
I’m working as a sub at one project with multiple phases that seems to drag forever. We have a lockbox set up as usual for the main contractor’s project manager (Saleman), his runner, and of course m...