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As a new real estate investor, I recently bought a SFH and hired a PM company to handle it. I'm wondering if it's common for PMs to provide detailed receipts for each project, and if it's reasonable to request them. I...
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I have a great SFR deal lined up that would be perfect and generate some good cash flow down the road.
That said, I need the minimal down payment offered through an FHA loan to make this work and some of the FHA qua...
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Hello everyone,
Im curious if anyone has heard about this new product provided by the VA that is similar to a 230k loan. Its called a VA rehabilitation loan - currently I live in the DC area and see a lot of older ho...
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Hi everyone!Question about the FHA loan. Does anyone know details about the "primary residence for 1 year" requirement? Is it heavily enforced?I want to get an FHA loan but I don't want to live in the property for a y...
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I am part of a group doing a development in Boston. We are looking to borrow ~$10.5mm to development the units. The group is experienced and looking for a lender that doesn't require a personal guarantee. We have eno...
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IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii). The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4): "The extent of an individual's participation in an ...
Client's building burned in fire. Residential rental property. Fire occured on 10/01/2020. Cost: $400,000Depreciaiton: $120,000 up to 09/30/2020Insurance paid $635,000. Assume no Salvage value.Insurance payment w...
I am currently looking at a price of real estate and weighing my options on acquisition before approaching the seller and seeing if a deal can be reached. Property Details: Asking price- 2,000,00051 doors, 86% current...
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I have a lead from a motivated seller. The numbers seem promising however, I've never flipped/wholesaled an out-of-town property.
Any advice on doing this successfully?
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Hey, i hope you all are doing well. I haven't posted here in a while as ive just been working to save money and make strides in rebuilding credit to leverage for scale in the future. Im writing because i am searching ...