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Joint Venture
anyone have any information on this? is it worth while? is it risky?
Giordano Rodriguez
Newbie from the Bronx
Hello Friends, It's been a pleasure following the podcast for some time now. My girlfriend and I recently closed on our first deal. It was a multi-family in Haverstraw NY. We are super excited! It's a waterfront prope...
Adam Peacock
Sourcing a loan for a BRRRR Investment
Hey folks,I am stepping through a multi-family BRRR investment with 5+ units but trying to make heads or tails of the lending options that serve this specific use case. I understand the final cash-out commercial loan ...
Asish Balu
Claiming loss on a house hack using DMSH. Also, CPA or TurboTax?
Since tax season is coming up in a couple months, I want to make sure I understand my optimal tax strategy.
I will be claiming the standard deduction (12K) on my personal tax filings. No way I can match this amount w...
Jimmy Lynn
Budgeting for Your Property Rehab: Tips and Tricks for Keeping Costs Under Control
We get asked this question a lot. Here are some things to consider. Define Your Budget: Determine your overall budget for the project. Consider factors such as the scope of work, materials, labor, permits, and contin...
Susan K.
Quick question on title Policy - need help ASAP
Hi Everyone,A friend of mine is negotiating on a RE contract for the sale of their home. The buyers want "An ALTA Owner's policy of title insurance without standard exceptions" checked on the contract instead of "An...
Nick Brubaker
Issue with lender and insurance
Hello all,I have a rental property bought with cash and owned under an LLC. I later refinanced it (added financing). My insurance policy has recently been discontinued and replaced with a similar policy (really just...
River Ayton
Capital Gains Tax
TAX QUESTION!I am partnering with an individual to do a live in flip. I would live in the house for at least 2 years (to avoid capital gains tax) before selling. My partner would not be living in the house. Will he al...
Chad Harris
Tenant payments after ownership change
Hi all,How do you normally handle tenant payments that are made to the previous owner after closing and before you can notify them of ownership change and new payment instructions? We asked the seller to notify the te...
Clifford Pereira
Real Estate Professional (REP) Status guidance
Hi, my wife and I started an Airbnb in Sacramento, CA, this year and are new to real estate investing. According to our understanding:1) California does not recognize REP status, but we could claim it on our federal t...