Hi, I make less than $100k from my w2 job and did a cost segregation study on my property. My understanding is that I can deduct up to $25k from my w2 income. Does that mean I can’t take the standard deduction?
I initially had citizens insurance approved. They are now going back and cancelling my policy as they said the roof was not satisfactory after reviewing the pictures. In case I can not fix the roof in time, I would ne...
Hi all - wanted your input on the following. I closed on my first OOS rental property 12/31/2021 (signed paperwork with notary) but the funds didn't settle until the new year. So on the CD, closing date is still 12/31...
My REO agent asked me about the terms that I'd like to include in the contract for her to write up. When submitting offers on REOs, or any active property on the MLS, is it a good idea to include an inspection as one ...
I recently finished reading a real estate book where the author recommends tying up a property quickly (if initial analysis suggests the deal is a good one) and then doing the due diligence. This sounds pretty obvious...
1st time buying a 4 plex and 1st time dealing with Section 8 tenants. I am looking at a 4 plex that has 4 tenants all section 8 and all on month to month leases. The property is located in Texas. All the units are ...
I have 2 rentals within a couple of blocks from one another and in the same sub-division. One is a 2b/2b the other is a 3b/2.5b. When I use rentometer to calculate the rental value the 2bd/2b is just under the 75% p...
In the process of obtaining my real estate license, but now am having second thoughts. I want to get into investing in rental properties and fix and flip type homes. As a Realtor, wouldn't I have to be held to a highe...
Looking at purchasing a 9 plex and the current owner is interested in seller financing. Is that the same thing as a “contract for deed.” Also, I would be buying the complex in the name of my LLC, but the seller is wan...
Hi,Any advice would be greatly appreciated!!I am going to be flipping my first home soon. I am planning on having standard home insurance with a general liability coverage of 1mil. I was considering also getting a 1 m...