Brandon Smith
New house, new tenant, new issues (smoking)
I've recently bought a larger second duplex, the current tenant has been there for 15 years. She smokes inside, pays a very low monthly rent, and doesn't use most of the space. Sucks on my end especially since I don't...
Susan Dobbs
Becoming silent partner with Subcontractors
I am working with an investor that is spending big money on employing his trades people for reno and repairs on his commercial properties. He is considering letting them go because of the costs involved and hiring out...
Shiva Sharma
Considering Forming an LLC. Am I Making a Mistake?
I'm in the process of purchasing my first rental property. I was considering starting an LLC, as I wish to have more properties in the future. At the same time, I have heard that banks charge a higher interest rate fo...
Paul Winka
Property in service, and how to deduct repair costs now?
I just bought a house in my name that I intend to rent out. I paid $46K for it and closed on 14 Nov. It needs around $35K in repairs, and those repairs are ongoing now and should be finished by 25 Dec. I would like to...
Nicholas A.
Deducting Travel While Searching for Properties
Hello,
I recently listed my first Airbnb through a house-hack. As of today, we have 0 reviews, 9 days on the platform, have not received our first guests, and have $2,500 in bookings! That is a great feeling. Three s...
Jacob Michaels
Getting set up with an LLC - DFW, Dallas, Austin, Texas
Hello all,I have been operating as a sole proprietorship for my wholesaling business and I would like to get set up with an LLC and work with a recommended real estate expert CPA, or get it set up through a real estat...
Neal Collins
How to fairly compensate leasing agent
We are at a point with our property management business that we need to bring on a leasing agent to help show units, dialogue with prospective tenants, as well as be generally familiar at providing business support at...
Roberto Vasquez
Should I transfer my rental prop under my LLC?
Pros and cons of having my properties under an LLC? I would like to know about your experiences and learn from them, should I transfer my properties to an LLC? If yes or no, why? Thanks.
Stephen Tong
Facebook "Private Lenders"
Im sure everyone in this forum has seen or been contacted by "Private Lenders" on Facebook. I was recently offered this...Terms are flexibleJohnInterest Rate: 5.5% (Buy and Hold), 8.5% (Fix and Flip), Cashout/Refi (4....
Richard Frazier
How to accurately gauge rehab costs
As a beginner wholesaler one of the key fundamentals of my role is estimating rehab costs. Being only vaguely familiar with the rehabbing business I could end up giving hit or miss estimates and this is something I'm ...