I am under contract on my 2nd property in Baltimore City. It is a 2 unit building. To be honest, I am not sure of its zoning, but I believe it was originally built as 2 units, and it has 2 gas and 2 electric meters. I...
What type of insurance are you getting for your flip homes and where do you get it from? All the insurance agents I have contacted have rejected insuring a flip home. I finally found one company but it costs $585 for ...
I'm having issues uploading a profile picture. Does it need to be a particular size and format for it to be accepted? I've tried JPG and TIFFs to no avail.
Thanks
I have rental property income from one single family home. I have always reported the rental income on Schedule E ("Supplemental Income and Loss") form with the IRS and not schedule C because I hold title in my o...
Hello everyone,
I am a new investor and am trying to set up my business entity before I dive into the game. I have talked with 2 attorneys and both have given me the opposite advice. One said to create a LLC (singl...
I just watched Jerry Norton's new video and he's saying we have to change the structure of the way we wholesale or its illegal because of our intentions to sell it to a cash buyer. I'm new to this and trying to get my...
Hi,
I'm sure many of you have faced this issue before. I got an offer accepted on a Triplex that is zoned as a Duplex. The owner says the house has been rented this way for 8 years without a problem. I'm w...
I have read other threads like this but I still can't seem to figure out what to do...I have 3 rental units. They all cash flow $300-$500 a month. Each tax season I input all of my income and my deductions/repairs/exp...