Anthony Greco
Pros/Cons of property with a Septic Tank
Hi all, I am looking for my first house hacking property and I believe I found one a duplex that will work. The property has a septic tank and I was hoping to get some information on the pros/cons of it. I do not kno...
Jessica H.
If you ( the investor) buys the materials for a job....
...how do you work it out with the contractor? Do you go with them to buy supplies? Ask them to front the cost and once they deliver materials and show receipt you write them a cheque? Do you have them compile a li...
Pandu Chimata
Flip turns into long term rental
Hello Tax team, Here is the scenario and I want to understand how the cost elements needs to be treated from taxing aspect?I purchased a property to flip in 2022. The property was ready for a sale in 2023 but could no...
Hao Liu
Old Multi-Family Investing
I am about to purchase a few 4-plexes which are really old. They were built in the 1920s. They are in OK conditions. Previous owner did some repairs, but not inside-out remodels.These 4-plexes are in good location and...
Sino U.
Inspection: What to check for duplex
Hi all. I am in contract for my first duplex and planing to have inspection scheduled this week. What else i should ask inspection to look for in addition to below. Appreciate your response!-Structural (foundation, wa...
Kevin Mcilnay
Rehab draws with a HML
Okay, I'm having a hard time understanding how draws work with a rehab loan from a hard money lender. The way I understand it is: I have to pay for the work initially. Then I apply for a draw and provide invoices. ...
Patrick Flanagan
Building your own multi family question
Hello, I’m going through all the steps and making a list of everything I need to do to buy land and build a duplex to 4 plex my self. The only thing I legally have to sub out is the foundation and plumbing(I’m a Elect...
Blake Edwards
Another BRRRR, Another "Free" Property
It's still a surreal feeling when you do your due diligence, research and run numbers correctly and get a check back for the exact amount you put in.We found this one from a Wholesaler in the area and we jumped on it....
Ketan Patel
Background check website and how long?
I am using Cozy.co to do my background checks among other things. While the credit check normally comes out instantly the background checks are taking up-to 5 days (for someone with past issues). Cozy.co uses another ...
David Stone
Method for tracking income/expenses
Hi, I was wondering what people used to track the income, expenses, late fees, etc for their rental properties. I have 5 units currently and am using a word document I created to track everything, but it is getting q...