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Good day! I have a duplex I am highly interested in purchasing. In fact, close to pulling the trigger per se. But, inspection came back revealing mold in the attic.Seller wants me to split the costs to remediate the m...
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We recently closed on our first short-term rental in Norfolk, Virginia. We love the mid-Atlantic area, and hope to retire here in the future. There are many suggested tips for providing a great experience for guests...
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Hello,
I am just beginning my real estate investment journey.
I live in Northern Virginia and there are a large number of foreclosed properties in the area that appear to be very good values.
I found several Fannie ...
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Hi Socal Investors,I came across a distressed/vacant home while driving for dollars in the southern California (socal), Los angeles county area. I was able get a hold of the owner and he is interested in selling. Howe...
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Hey BP!I am hoping someone might be able to help or point me in the right direction on a tax question. I purchased my first BRRRR property in late October 2020. It needed quite an extensive rehab (~60k) and we will be...
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Hey Everybody!
My wife and I had our offer accepted on our first investment property. It is a duplex in a great part of town that is nearly turnkey. Our offer was $15,000 over asking. The inspections came back earl...
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My CPA is telling me that I can no longer sell my primary residence after 2 years to avoid capital gains tax. Is this true? Our 2 year anniversary in our current home in next month, we are ready to pull the trigger an...
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I am looking for help on tax implications for two flips I invested in passively with slightly different terms. For both of these, I was completely passive, simply supplying the capital and waiting for my return. FLIP ...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $381,450
Cash invested: $94,000
We owned 2 properties on this block already and another one came onto the ma...
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With your units that have carpet, do you charge the cost of professional cleaning back to the tenant from their security deposit? Or is that just standard turnover costs that you assume? Wasn't sure how to approach th...