Hello my fellow wholesalers, we are almost ready to dive in but need some advice on whether to pursue the double closing vs the contract assignments method.  It's my understanding that with the CA (contract assignment...

We are really new to the process of getting loans for our projects. We have used our personal savings up to this point, but need a loan to finish a rehab on our latest property. We initially tried our local credit uni...

Hi BP Cleveland,Wanted to know what are generally good returns on house flip? Also, here are the things that I'm factoring in the flip costs, please let me know if i'm missing anything:Purchase priceRenovation costsRe...

I am currently working on purchasing a flip in Gardena Ca. Are there any investors that can refer me to a contractor that will save a lot of money on the flip? The numbers are Purchase price $415,000Rehab $55,000Closi...

I am updating my records in Quickbooks for my latest rental property. There are a couple items I'm not sure how to account for. Can anyone offer any advice?

- Seller paid closing costs(I got them to contri...

My 3 family purchase is almost ready to rent, just over 6 months renovating. I understand "Make-rent-ready costs are not deductible." My question is what expenses along the way are a deduction this year? Property taxe...

Hi Everyone!I currently assist clients who provide business professionals and corporate employees with short-term rental accommodations via the rental arbitrage model. I have been quite successful, but the job keeps m...

Can you write off the home and sewer inspections and appraisal costs for a rental property? If so, do you have to add these expenses to the cost basis of the property or can they be fully deductible?
Thanks,

Hoping for some advice. I’m looking at purchasing an old single family house on a 25x100 property with 25’ of frontage on Summit Ave. in Jersey City’s Heights neighborhood. It’s in an area that was recently rezoned fo...

I am a veteran and I tried to get a loan through navy federal for a fixer upper and they told me the place has to be move in ready and the house I’m looking at is not move in ready at all