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Hey there everyone ! For the past 6 months I have been addicted to using my spare time to figure out how I can get rich and receive passive income. I spend a lot of my free time reading and watching videos on real est...
I've been renovating a duplex since June, 2011 (I know. It's almost done.) Had a tenant prior, but it's been vacant since then due to the remodeling. I know I can claim the 2011 deductions because I have rental inc...
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If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
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Hello All!How do YOU define "Market Value"? I know some investors (including myself) define it as the price the property will sell for on the open market in it's current condition (regardless of what that condition i...
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My tenant got mad after I legitimately deducted $600 from his security deposit for cleaning fee and damaged furniture so he reversed his last months rent on cozy. I immediately put in a block with my bank to stop the...
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Hello fellow investors!I’m wondering if you’d allow me to show some audacity and selfishness and explain the situation in which I find myself in hopes you’d critique it and/or perhaps offer some advice. I’m a bit lost...
We're closing on a 6 Plex in a couple weeks and are having doubts. The property is in a great area (Class C) but with a need for more housing. Renting is never an issue. His leases are month to month and he pays al...
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I am getting so many mixed messages on investing inside the loop in c areas being a good idea or bad. If there areInvestors that have actually invested in these communities please give me some of your experiences. The...
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Hi BP,
Anybody can recommend a good commercial GC in the Houston area? We had a roof leak back in September at our end cap unit which is a coffee shop (retails strip, 9 tenants, building is only 4 years old) and I r...
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I have a great tenant that wants to install an above ground pool at the house he rents from me, located in NY. Says he will pay for all the expenses, etc. Just wondering what my liability would be, god forbid somethin...