Jeremy Michiels
1st time private lending -
I'm evaluating lending $25k to a colleague who is been fix/flipping for some time. He has a good track record, but I have never lended money so I'd appreciate any guidance in how to set the terms and what steps are cr...
Kate McClinton
Second opinion from another CPA?
Has anyone ever questioned what their CPA told them and gotten a second opinion from another CPA? I currently work with a CPA who does not specialize in real estate tax, and I'm second guessing some of the answers sh...
David Osborn
Accelerated depreciation question
I bought and furnished a new rental property in 2019. I did use bonus depreciation for the cost of furniture, but I lumped the property improvements (mainly new hvac, water heater, windows) in with the building and ...
Anisha Spand
Legal Structure for IRS
My husband and I just filed our Articles of Organization with the state of SC for our LLC and now I can apply for the EIN. I don’t know whether to do LLC, partnership or corporation. The business is for wholesaling an...
Justin Hackney
Craigslist
Many investors use craigslist for a number of different reasons. They could be searching for cash buyers if they are a wholesaler. Or they could be looking to buy a property that is listed on CL. I'm sure some people ...
Michael Lauther
Repair Smoke Damage, soot and smoke odor.
We finally started to repair fire damaged property. tore out all burned material and gutted directly affected areas. Plaster on lathe walls are covered in soot. what is the best course of action demolish and replace o...
Aj Parikh
What should I ask my CPA
I am scheduled to meet with my CPA next week. What questions should I ask him? . Below is a short summary of my portfolio.2 rental properties in my state (VA)1 in TN and1 in OHI want to create an LLC but I don't know ...
Nazir Hassan
House Hack Financing
Hello everyone! I have heard much about the house hacking trick where I buy a multi-family property for a low down payment and rent out the other units so it covers my mortgage. There is a triplex that I am interest...
Stefan Wirth
Experience with DC Foreclosures? Or HUD Foreclosures?
Hi - I'm a relatively new investor and I'm pursuing a potential foreclosure in Washington, DC. The property is scheduled to be auctioned at the DC Superior Court later this month (though the auction has already bee...
Blanca Ferrufino
Dirty Tenant
my tenant's lease ends at the end of this month, she did pay for the month, but I've just discovered that my tenant is not leaving at the property anymore, however some of her things are still in the house. It seems...