Alissa Engel
Ideas for separating single-metered duplexes?
Hi! We own several duplexes where the water isn’t separately metered. I recently listened to a Podcast discussing this issue, but I was driving, didn’t write the info down, and now I can’t find the episode! The gist...
Bryan Sturman
Explaining benefits of selling off market
What is the major benefit that would convince a private owner looking to sell to go with a cash buyer who could potentially give them less money than listing their house on any MLS?
Justin Youngblood
Water Bill Question
I have a tenant about to move into a property I recently purchased. This is a condo so the water is sub metered and not done through the city. The water bill will be the tenants responsibility moving forward but unfor...
Bruce D. Kowal
Year end tax planning
A few items here I want to point out. [1] If you already use a CPA/EA , then they have a tax program which is flexible, and he can run a bunch of What-if scenarios for you, for the current year. A lot of Members ha...
Ashley Manning
Found a property with a tax lien against it. now what
Hi everyone. If anyone can help me with my issue, I truly appreciate it.
I found a abandon home and I called the city and found how much the tax lien is against the house. The rep on the phone said I can pay the lie...
Ibrahim Hughes
How do wholesalers generally get paid on commercial deals?
I'm referring to everything from your small $250k - 1 million deal to the $38 million Hotel deal. Out of pocket from the cash buyer? As part of the Buyer's loan (doubt it but thought I'd ask)? From the seller's procee...
Anthony Taslimi
First time investment
Hello,
I am new in this forum and I found some of the postings here very helpful. So I decided to create a new post to ask few questions I had.
To be honest Real estate has been my passion since I was 2...
Jake Enas
Buying a house without an Agent.
Hi everybody!I need help. Here’s the scoop:I want to buy a house from my uncle. He owns a house in California. He bought it with cash and will sell it to me for 260,000. I trust him and I don’t care to pay extra for i...
Troy Layne Pierce
Investment grade insurance
Hey all. My father in law is about to retire this year. He invests in realEstate with me and has a 401k from a W2 job he worked for his entire career. Recently he has come across a law firm called fortune firm in Neva...
Shay Kent
Do we owe capital gains? I disagree with my cpa. advice needed, thanks!
We lived in our primary home for 3 of the last 5 years. We rented it out for a year and then sold it. Do we owe capitals gains on it?Our CPA says that as soon as we rented it out it became a business and we have to pa...