Jacob Allen
National Guard Related Tax Question
I'm keeping a tracker of my mileage for tax deductions through real estate. In doing this it dawned on me, can you write off the mileage that you drive for drill weekends as well?Given that drill weekends are only on...
Jason C.
Taking items in lieu of rent
Hey, has anybody ever had any success in taking/holding other items until rent is caught up? A tenant who is well into the eviction process offered me part of the cash and to hold his four wheeler or car until rent...
Theresa P.
Specific Question for Illinois Landlords Regarding Security Dep.
We own a 3 unit building in Chicago. Do we need to keep security deposits in a separate bank account? Any information I see on the matter only references larger properties. Just wondering if there are any rules smalle...
Allen Clark
How to get the seller to consider a low offer
In another thread @Steve Vaughan mentioned a few strategies on how to get an owner to consider a low offer. I have a house in Seattle, Washington that I would like to buy but when I ran the numbers they just do not wo...
Daniel Dietz
"Owner Carries 2nd" for part or all of down payment?
Hello All,
I have asked similar questions before, but have a 2 specific deals this time so want to try to nail things down to see if this can work. What I am wondering is what type of Joint Venture, Partnersh...
Anthony Sulecki
Retailers Open To Negotiations
Ive been wanting to buy a plasma TV for 3 years now, and I think I might test out this article at the local best buy, to see if they really want to negotiate. "Do you want to sell this tv, or not? I can get it cheape...
Daria B.
Craigslist - 1st time contact - Leary now about meeting
I decided to try craigslist for finding property and selling furniture. While it's relatively safer to take someone with me to look at property, it's not that case with furniture at my own property. Although I don't l...
Michael H.
FHA loan for flipping
At the end of this year, I would like to purchase a personal residence with a FHA loan. Is it possible to use a FHA loan for wholesale properties? I would live in the property and do renovations (kitchen and cosme...
Account Closed
What is the yearly cost for insuring a rehab property prior to sale/flip?
Hey all.. if you had at least 12 to 15 properties scheduled for remodeling/fixup, I am hearing others say they typically take out some sort of builders and general liability insurance to cover things like vandalism, d...
Loretta Chavez
Can't write off rental losses until I sell??
Just got our first rental property last year. We put in 25k in rehab plus it was not rented until 2017. My accountant said "Because it was over 150000 (taxable income I assume), IRS carried rental loss over to next yr...