William Donnelly
unfinished space legal ?
Hello Everyone. I have a luxury unit that is currently being renovated. It still needs paint, carpet, new toilets, attic insulation, new upstairs heat pump, and the downstairs still needs to be cleaned and painted. Th...
Emily Wells
Getting a mortgage with a new job
So, long story short, we're moving from GA to AL. The mortgage guy based everything on my husband's current job/salary (called corporate and they verified my husband was employed, his salary, etc.) The problem is, a...
Bruce Woodruff
A fellow Contractor sent me this.....
CUSTOMER: "How much will it cost to do this job?" CONTRACTOR: "$2,800 Dollars."CUSTOMER: "That's WAY too expensive for this job!!" CONTRACTOR: "How much do YOU think it would cost?"CUSTOMER: "No more than $800 Dollars...
Junon Celestin
Need advice on my next step
Hello everyone I need some advice. I have two properties that I purchase for 5,000 from a friend, he couldn't pay the taxes. Taxes total up to 7,000 and repairs are about 8,000. I currently live in one house hacking...
Jon Fletcher
Section 179 Vehicle Depreciation
Have any real estate investors used their passive income to purchase a 6,000lb+ vehicle? I'm trying to understand the full benefit of the Section 179 tax code. Using simple numbers, if I purchase a used SUV for $25,00...
Julianne Croegaert
4 rentals under 1 LLC
Hey all. We have 3 rentals and close on a 4th in a couple weeks. They’re all under one LLC at this point but wondering if we should be creating separate ones and also how others are managing all the paperwork so tax t...
Nancy Wang
Best way to let contractor access funds to buy supplies
Hi smart flippers,When you have a project going on and your contractor needs constantly buy supplies from HomeDepot, and you cannot accompany him to the store each time, how do you handle the situations? I heard you c...
Daniel Hollar
Best way to Cash out with high DTI?
I need to pull cash out of a property. I own one free and clear(around 425K). Which currently does not have a renter due to Power company messing up the yard and sewage system. Primary has around 300K equity, and di...
Erin Silva
Home Depot Kitchen? IKEA kitchen?
hello! Was wondering where fellow flippers are purchasing their kitchen cabinets? Suggestions and pictures are appreciated! Thanks!
Aaron Wolman
First Turn over
General question, I am turning over my first rental and I got the charges from my contractor on damage done and I want to see peoples opinion. Security Deposit: 2600Lease states no smoking/painting walls/no hanging th...