Vicki Gleitz
tax question
we own a brake and alignment shop. paying double on social security, as you all know, is rough. we have also been renting out our house in Bennett. we had a little plumbing problem that caused some damage last year....
Mark Vandzura
to 1099 or not to 1099, that is the Question.
I own several rental properties in New Jersey owned in two LLC's and now it's tax season. I have several venders (plumbers, electicians, HVAC, etc.) that I use for maintenance and repairs. This year my wife learned th...
Ryan Saulle
How strict is NJ with contractor / rehab process?
Hey BP members!I'm from NY but I've been looking to invest in NJ. I was wondering how strict NJ is with a contractor / rehab process? Does it depend on which town you buy in? I have a small team (all family) with a lo...
Oscar Martins
Building department doesnt like it when i do my own repairs
Went to the building dept in my town today, I have some electrical work that needs to be completed in order to get a clean certificate of occupancy, anyway they said that i needed a licensed electrician to do all of ...
Dennis Nemitz
non-licensed, non-insured roofer
I have a guy who wants to do a roof job for me on the side. He works for a licensed roofer, but is not insured or licensed himself. Should I run away and why? By the way, it would save me about $2000.
Dolev Shemesh
Floating Rate for Commercial Deal Advice
Hello, I have this good opportunity buying a complex. Seller offer private financing for 10 years @ 5% interest rate. Cap rate is 10% @ $2.2m ($400k DP) and I'm calculating approx. 33% annual profit at these rates. Al...
MIke Steuart
Boston Out-of-State MFH Flipper
Hi,
I have a complicated story, so bear with me. I was a civil engineer for 5 years, then switched careers to be an airline pilot. During the pandemic I was furloughed, so I renovated my house to studs using a lot ...
Andresa Guidelli
W9 form
Hi everyone,For those of you that are full time real estate investors that hire GC's for your rehab projects, are having your contractor complete a W9 and issuing them a 1099's?I have had mixed answers and wanted to h...
Jaekwan Lee
Things to look at on Quadplex showing and put contingency
Hi folks,I am new on buying a property and trying to househack on fourplex property that is 40 years old(1980's). The showing is scheduled and as long as no big concern arises, I am going to make an offer. So I have a...
Caryn Zallnick
Does anyone have experience with corporate housing?
I recently read some info about corporate houses and was just wondering if anyone had any experience with this area of investment? Would love to learn more and see if it’s something worth going after.