Thomas McNally
Time to dive into full-time REI
This week it was announced that my job site will be permanently closing its doors within the next couple years. My goal has been to go full time into real estate and I have been working as much OT as possible to build...
Bobby Brown
Do you have to issue 1099s for work done on a rental
My wife and I were told that we must issue 1099s for any work that is done by independent contractors over $600 or we may be fined by the IRS (~$100-$600). We so often find a big push back when you request to do this...
Lynn Smith
Unauthorized Pocket Listing???
I signed a listing agreement with xyz realty, the agent promised to market my property online, on the mls and through his office and investors he knows. First of all, I never receive any copies of what I signed. The d...
Egheosa Igbinoba
East Cleveland Project Funding
Hello! Excited that we are getting our feet wet with a multi-family in East Cleveland for BRRR. Looking for a lender for rehab and/or refinance in the area.Any recommendations for lenders that consider small projects...
Chris Da
What do you think of this deal??
Hello all.
Well I have been looking for some time now for another decent deal, and I came across this one..
Small 3br brick twin in decent part of town. Fannie Mae owned and listed @ 44900.
The place isn't really ba...
Mareno Rathell
Who pays closing when working with Wholesaler?
The last several Wholesalers I’ve worked with had the buyer pays all closing cost in their canned contract as though it’s a given rather than negotiable. So my question is, is it common practice to just assume buyer p...
Warren Shinnamon
Can I keep the mortgage in my name while having an LLC?
Hello! I own a single-family house in Portland, OR in my name. Purchased in October, 2021, for $528,000. 30-yr fixed rate mortgage at 2.875%, $85,000 down payment. Currently ~$425,000 left on the mortgage. WIth proper...
Jiva Segaran
Tenant asked to borrow money from ME!
SHe said the previous landlord used to front her money several times because she was good for it. She needed $500 to do something but her ss check wouldnt clear till tomorrow. She would write the check to repay along ...
Laura Van Lenten
Cost segregation self survey instead of full study?
My accountant told me there are two ways to get a cost segregation study, one being the expensive route where an engineer comes onsite and does it. He said there is another, cheaper option where I basically fill in a ...
Robert H.
1st trust deed question
I just purchased a 1st trust deed in CA for the 1st time where the borrower had already gone MIA from the start to where his phone number was no longer in service and there was no way to contact him other than an addr...