Tim G.
Short sale strategies
Hello,
I am a new real estate investor from Rhode Island and am hesitant to make a short sale for my first deal. I have extensively tried to see how the property I am looking at would not work financiall...
Craig S.
How hard is it to find apartment or duplex tenants?
Hello,
I am interested in getting into the rental business soon and am curious as to what you all think about finding renters for apartments and duplexes? How much time is really required to find a renter and is this...
Marc Roberson
Should I do another flip with my profit
House I just flipped - Bought for 9kMaterials were 21kSelling for 72k (close in 8 days)Net sale from sale - $66,480Net profit - 66,480 minus 9k minus 21k = $36,480 minus taxes = 32,832Background - there is another hou...
Corey Dutton
How To Lose Money on a Rental Property
A real estate investor I’ve known for many years specializes in ‘fix and flip’ investment properties. He will find the “dog house” in a neighborhood, transform it into a “cute house,” then resell it within 6 months or...
Sean H.
Switching over to an S-Corp while holding a property?
I have 6-7 houses/lots, and i want to switch over to an S-corp. One in particular that im in the middle of closing right now. The S-corp has already been created, so if i create an S-corp account to have the money dep...
Amanda Palmer
Tenant Wants to Pay with 401K Disbursements
Hi there! I'm new here. My husband is the real guru, and I'm managing the properties we're acquiring. We're currently screening tenants for a duplex. One potential renter wants to pay with her 401k, requesting disburs...
Daniel Dietz
How to 'Distribute an Asset' out of a SDIRA after age 59.5?
Hello all,We have bought several properties in our SDIRA and SOLO401K accounts both with cash and using leverage. So good so far. A 6 unit that we are looking at right now is owned by an investor that might be willing...
Maria Bivans
Father inherited a property and now I want to purchase and flip
Hello - my grandfather recently passed and left his free and clear property to my father and my uncle. My father and I want to buy out my uncle and then flip the property as it is in need of dire renovations. The deed...
Pal Sa
What is the catch with expat tenants?
I have been getting some requests to show our rental to expats. It is usually a relocation agent that seems to be helping the client find a home. In my case, all of the expats seem to be from Japan. I have not verifie...
Oliver Betuel
Paying myself with rental property cashflow
Hi All,
Can anyone recommend reading material (BP articles etc) that covers how I can pay myself each month with my rental property cashflow? More specifically, how do I calculate what I need to set aside for taxes b...