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I need help with a tax
question - I bought a house with my father to flip at the end of last year. So,
by government classification we were a general partnership at the time. We
financed the house using a loan in o...
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Most people know a hard money lender or a commercial bank, but very few know how to acquire Unsecured Lines of Credit to complement those lending sources to 100% finance their deals. And even fewer people know how to ...
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Closed on a house. Was supposed to get a check at closing. The title company said that the money was not ready and that they would deposit it into our account in a few days when it was ready. Is this normal?
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Hi,I’m Sam, a new real estate investor in Nashville - I got my first property this pas year, just south of the airport. It’s an attached HPR, basically a duplex that is zoned as two single family homes. I own one half...
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Hello,I had some renovation expenses in 2020, for which I was not able to issue 1099 forms on time and to send out to the subcontractors. Does IRS accept carrying those expenses over to 2021 if I issue and send out th...
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I got a call from my tenant yesterday that the bay window in our rental unit has been smashed in by vandalism. I submitted a claim to Allstate, and the promptly called me to today to let me know that my landlord's po...
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Hey everyone!
Was hoping to get some advice on this house I just purchased. I'm considering joining the 1st floor of the house with the basement and calling it a duplex. I know that in NJ you can't technically have...
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I'm in the process of buying a 7 Unit building and a title issue came up where the original mortgage has not been shown as discharged. The building went into Foreclosure with the bank around 2008-2010 and was sold in...
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We had problems with he septic tank at our rental house. It took 2.5 weeks to fully repair. We found a problem, fixed it, happened again, fixed another problem, happened again, 3rd time is a charm and it appears to ...
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Hey Guys! I'm closing on my first Multi Family in Mass and I'm told I can't close in an LLC because the banks will not give financing to an LLC (even if I co-sign or guarantee the loan). I have had some people tell ...