Justin Summers
Dealer vs INvestor IRS classification
I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...
James H.
The Bottom Is Here And Gone
There's plenty of disussioon here on BP about the "bottom" of the market and trying to time it and not being able to time it and when it might actually occur,etc.
Well, I think it is here and gone already. In fact, I...
Ed O.
Vacation Property Rental Analysis
I'm helping a friend that's looking into buying a vacation rental in a ski resort area. I have read a bit, but still have a bunch of questions.
1. Is there a general average for the management fees, and what does th...
Robert Lindsley
Summary of landlord-tenant code in CT
Hi there,I'm getting ready to set up a lease with my first new tenant in Connecticut and I'm getting my disclosures together. There's one disclosure I don't understand -- I even called the Attorney General's office b...
Matthew Keeney
Installing seperate breaker box??
I accidently wrote breaker box in the title but I meant to say meter. Not sure how to edit it.The units have separate breaker boxes, I just have to split the meters.Looking at a MFH in Anne Arundel county that's not s...
Paul Yevzikov
Help with #'s please
Hello all,
I normally do single fam, so I wanted a quick hand with numbers on a deal I'm considering.
Location and repairs aside, strictly by numbers, what do you guys make of this deal:
Single house, 3 fam:
- 2 be...
Brandon Haughey
New Investor From Calgary Canda
Hello everyone,Just wanted to introduce myself, my name is Brandon Haughey and I am from Calgary Canada. I am 22 years old and new in the world of real estate investing but very eager to learn. I am a recent graduate ...
Kristen R.
Notice of Non-renewal Question
I live in Chicago and I rent out my second bedroom. So this is an owner-occupied unit. I do not want to renew the lease with this individual. My question is, what do I need to do to notify them of this decision? Can I...
Jesus Garcia
HAND WRITTEN LETTERS
Hello BP Community,I have recently purchased leads from listsource of pre-foreclosures with equity greater than 200K within my home county in New York since I would assume it would lead me to more distressed individua...
Brandon C.
How To Find Duplexes
I've been practicing running numbers for rental deals but I have one problem: I find these duplexes and come to find out that it's only ONE side. How exactly do I find the WHOLE duplex? (on Zillow, Realtor, Redfin, et...