Hello everyone. This is another Morris Invest Case study. I'll start at the beginning and do my best to lay it all out. Please feel free to reply with any questions or comments. In early 2017 I discovered Morris Inves...
I had heard about tenants like this, but these are the first ones of my own. The Constant Complaint tenants. I just sat down to make a list of the many complaints they have expressed to me in the past year of their te...
Hey guys. I just bought my first house, moved in last month. A couple of weeks ago, we had a very wet weekend and I noticed water stains in the baseboards of my finished basement. No French drains, no sump pumps. I’m ...
I have a friend (and third owner of some of my rentals) who would like me to do a hard money loan to buy an REO for him to rehab and flip. He's looking for 10% interest, six month balloon (interest payable at close o...
Has anyone cashed out their 401k? You would have to pay a 10% penalty plus you pay federal/state taxes. Any comments is it too risky or risky not to do it?
New landlord question. Just listed my first SFR "rental by owner". I have prepared the home to show well and listed it near the top of the market rate range.Within 24 hours, I have 10+ interested parties. While thi...
i used to use individual tradesman (painters, cabinet guys, windows, tilers, etc) on my previous projects. i use to meet them in my paint stained work clothes thinking that i am showing them i know how to do their ...
Hi,
I am looking to move IRA money into a Solo 401K with checkbook control. For now most of the funds will go into real estate partnersips but eventually I may move some into direct real estate.
Does an...
What should we expect tax season if we paid off investment property this year, and how can we minimize the tax bill on the income of paid off rentals?
I don’t want to name drop but I paid $4000 for a 3 day workshop and now they want $40,000 more for coaching and mentorship. A friend of mine that has a successful portfolio worth millions advised me not to. He recomme...