Just had a tenant move into one side of a duplex I manage. After the first night of sleeping on the carpet in the downstairs living room they were bitten by bed bugs that night as reported by the tenant. The prior ten...
Cashflow has been a tough find in the Phoenix market for a while now. The crazy amount of appreciation combined with interest rates rising that seem to be steadily rising since the summer of 2022 making it very diffic...
All:I did my first flip earlier this year for proof of concept. 17k purchase, 11k rehab, sold 45k (45k - 28k = 17k pretax profit, no realtor) . I am finishing my second one, which is going to be about 80k all-in, ex...
I closed on a house in another market on 12/31/2020, for which I had a home inspection done. Standard stuff. However, my insurance company called me and informed me that the roof is in such bad shape that it needs to ...
I am in the process of acquiring a MFH in Alabama. The home was built early 1900s. As it relates to termite inspection/prevention, would it make sense to purchase a termite bond. The cost for it seems pretty high and ...
Anyone know of any lenders that don’t require 2yrs of work history? I’ve considered an FHA but that’s very limiting being I’d have to live there. I have a job but I know I can get into REI much faster with the right c...
I'm under contract on an existing single family in Billings, Montana. I already own an existing multiplex here in Billings (and apparently that property is like finding unicorn farts). My question is, if I wanted to f...
Here’s how in 6 easy steps:
1. Check local regulations.
First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.
2. Update your insurance.
If they do, inform your insur...
I’m getting ready to sell a home I am flipping. In my Seller’s Disclosure do I include items that the previous homeowner’s seller disclosure contained? For example, the previous homeowner’s seller disclosure checked y...
Are there any strategies to minimize taxes on the profits from flipping? Also, is it advisable to always purchase in the name of the LLC or is ok to do it on my own name if it is a quick flip? Thanks for your feedback.