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I'm pretty new in this field, I need help with wording (drafting) of an assigned contract,that I would get the seller to sign. And my second question is do I need to have (2 contracts, one for the seller and second f...
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Main point of the thread is about taxes for FY 2017. I bought my first flip house in September 2017. I am still working on it. Rehab should be completed by the end of this month.I know that once I sell it, I must repo...
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Hi,My husband and I are first time buyers (not just investment properties) and we recently put an offer on a duplex. The inspection report came back last week, and as expected for an older home, there was a lot. We su...
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I have a few boxes of clothes I'm getting rid of. Does it make sense to sell any of it at one of those clothing reselling places or will donating everything be better? Is there a cap to the write-off? Would they just ...
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It's been a while since my last post...I know I should've done this sooner than later, but here we are. I'm selling my investment (I need the capital for a future project). I took the challenge to go ahead and advert...
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Hey everyone...have a question for anybody who's done this before. I flip and rent homes a lot and often come across items left behind I can't use but hate to throw away. In particular, vintage construction materials;...
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Ive heard on several podcasts and read several blogs/articles of people saying they sell their rental property after 5-7 years, while purchasing many more during that time. Besides getting the equity paid out to you,...
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My tenants in my property past away in the same week, they both were on the lease ( older couple) I have since closed up the property and gave a niece access to remove items they may want. It's been 2 months and she h...
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I'm selling a property for the first time. We are under contract with a buyer, and they had their inspection done. They are asking for some things that in my opinion are really petty. I'm wondering of the following...
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A little history on the transaction - a Triplex with asking price of $235k, I offered $215k and the seller has countered with $225k. They have been trying to sell since May 2019 and initial price started at $295k. T...