Craig McLaughlin
“Profit” from a flip
I’m trying to pre-calculate and figure out what I would owe taxes on. What do I consider as profit. Is it simply sale price - buy price? Do I subtract all improvements(costs) from the sale price. How would I account...
Verlin McClendon
commercial property purchase
Hello,quick question: I'm looking to purchase my FIRST investment property and cannot be more terrified!!!! I was curious as to what document I would need to get the seller to sign for the purchase??? Should I see if ...
Erika Lewis
Help W/Legal Documentation and Wholesaling
Okay, I needed some clarification regarding the contracts involved in wholesaling and especially, what HUD settelement documents are. I was informed that they could be used so the cash buyer didn't know the original p...
Mark Garcia
Purchase Agreement when property is owned by llc
I'll be getting a property under contract privately between myself and the current owners of a single family home but the property is in their LLC's name. On the purchase contract, is there special language to add und...
Chewie G.
Real Estate Professional Activity List
Can anyone share the activities you log that will count for real estate pro status? We are buy and hold investors so the areas we document focus on Rent, Operate, Manage and Lease. I'll add Sell in there too but not a...
Kyle Houlahan
Fannie Mae Homestyle vs. Conventional Loan
Hello everybody,I'm planning on purchasing a primary residence within the next 30-60 days. I'm located in the Tampa market and the best deals on SFR's are typically older properties that need some work. For this reaso...
Jonathan Cevallos
First time property owner filing taxes
I’m prepping all my documents to file taxes. I purchased my first 4plex in 2020 and have been collecting rent. Any suggestions, tips, questions I should I ask my accountant when filing? This is my first year filing no...
Marty St. denis
Financing for Canadian or non-res borrowers
Hello,
so far I've found financing from traditional lenders in the 50% ltv range, that will do one property. Does anyone know of any lenders that will lend to Canadians to buy 1 or more rental properties in the 60-7...
Sherwin Vargas
Tenant Possibly lied on rental application?
Not sure what to do or if It even Matters. But here is the situation. I am renting out a single family home. I ran background checks and screened the tenants they seem like good people. Today I am preparing and organi...
Paul Boudreaux
Sub 2 Docs for that go to Lender
So, I have multiple Sub2 Properties, but I have noticed that later down the road the Seller (Mortgage Holder) wants to obtain a new loan to purchase another property and needs a letter or document showing that we are ...