Shadonna N.
Calling the experts for advice on a sale, potential note
Experts,
Here is the scenario:
Property Location: DC
Tenant has been in place for 8 years. Not elderly or disabled. Wants to but the property.
Owner wants to sell
Option 1
Tenant purchases property. If there ...
Gina Nicolas
Difficult inherited tenant
Hello everyone, I recently bought a property with inherited tenant and, she wants to drive me crazy. I have done many repairs since I bought the property but she keeps complaining for every little thing. Last week s...
Vic Delgado
Finding authorized seller for defunct Church, adverse possession?
Hi everyone,I'm trying to find the owner of a vacant property whose last owner is listed as a church. After visiting the state website, the only church listed in that name ended over 9 years ago. I've tried calling th...
Shain Cannon
Washington state 3 day eviction possibility
Oh boy, where to start. First timer here (possibly need to evict), please read the whole post, consider all potential's and discuss. Thank you! And yes there are 1000 red flags I know, we can get into my decisions to ...
Ryan Sanders
Would this be business expense or personal??
I currently own my home and I intend to do some light rehab and upgrade then move out and rent out the house. I have only recently formed my LLC and I want to be sure I keep my business finances separate from my perso...
Jon Holdman
Chrysler to stop all production
Chrysler says its shutting down production at the end of the week for at least a month. I wonder if they will ever restart. Makes me think of the Lady Luck in downtown Vegas that shut down, what two and half years a...
Kim Handelman
How do newbie wholesalers accurately assess rehab costs?
Hey guys,I have a lead on a property to wholesale (I'm brand new to wholesaling) I think I can get it at 70% of ARV but am worried that the work needed -- I don't know if it's ever been remodeled and has some water st...
William Strehse
First Deal under contract - looking for advice on Hard Money loan
I have my first deal under contract. SFH purchased for $25K in Clifton Heights, PA. I am estimating the Rehab cost at just over $50K. We are using our own funds for the purchase price and closing cost and have fund...
Donna Page
Advice on how to structure a partnership deal on first BRRRR
Scenario:My dad owns an old Victorian home free and clear in an up and coming neighborhood near downtown Milwaukee that is being revitalized after falling into blight for several years. The property is a 5 bedroom 2 b...
Corey Demuth
How does Depreciation Work?
can someone explain how depreciation works in a nutshell, and how it helps your taxes?