On a wholesale deal. $50k total sale, $11k profit. Double close process. 1099S form says $50k gross proceeds. Is wholesaler responsible for taxes on the whole 50k even though $11k was all they received???Or should thi...

I cannot send you a blank realtors contract. If you are not licensed you can't write a contract. And you shouldn't be presenting offers to sellers for someone else. You have to be careful that you are not practicing r...

Hi, I travel to Dallas to see a client of mine and have been impressed with the city's growth.  I looked at the ROI for purchasing and renting and it just didn't seem so enticing compared to my investment properties i...

Hello, Any Help would be greatly appreciate. (Ohh couldn't find the exact forum to post so if I didn't select the right one please tell me so I can post it in another forum). Anyway here it goes. Not sure if we are go...

Hi BP!We all know this is a sellers market for the most part and there has been a lot of talk about where we are as it relates to RE. Im curious about your feedback based on the article by Teo. According to this artic...

Hey everyone,I’m a Realtor on Staten Island trying to turn my complete focus on investment properties as that’s what really excites me. I’m working with plenty of investor clients as of late and trying to expand my bu...

A tenant wants a walk through more than 30 days before leaving so they know what needs to be corrected in order to get their full deposit returned. I'm fine with that but am concerned if they do everything I see a...

I posted this in a couple of Facebook groups but wanted everyone's opinion here.  I wanted to see if others have tried to start a contractor business. I am currently getting out of the LTR market since it's not for me...

Someone reached out to me about selling a primary residence they've owned for 14 years, and rented out for the last 18 months.
I know just enough tax stuff to be dangerous.
The gain on the 14 years is tax free up to...

I bought a house in 2003 and lived there 3 years.  When I deployed to Iraq in 2006, I rented it out and have been renting ever since.  I was new to real estate and did not depreciate it until recently (maybe past 4 ye...