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HI all I am hoping you can assist with your experience here.
I have a client who purchased a duplex and rehabbed it. He worked with a licensed HVAC, Electrician and Plumbe.
We are at closing and he's running into ...
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How many properties does a person need to hold to justificy 750 hours? For example if you own a two family house and rent both units it would be hard to justify that you worked 750 hours to maintain this. IRS does not...
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I invest in Indianapolis, and I am closing on 2 more rentals in the next couple of weeks. I have been working with a great lender and I have been able to lock in low 30-year rates, which is definitely a great thing as...
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I just bought my first house at a foreclosure auction today after 3 attempts on other properties. I've been flipping REOs so far. The auctioneer was inexperienced, lost (could not find the correct legal location ...
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I'm thinking about selling a property I currently own to my adult stepchild (would trust with my life). I am planning to quitdeed claim the property to the stepchild (gift the stepchild closing costs needed to buy it...
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I have a good tenant breaking his lease 4 months early on 5 days notice. He has cleaned up the apartment well and he believes he is entitled to his deposit. Is he right? Property is in NC. No backfill identified a...
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Background
I am not a Professional Real Estate (yet) as I am working as a full-time engineer, and I don’t meet 750 hours of services during the tax year in real property trades or businesses in which I participated. ...
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I am looking into SDIRA's & wanted to get some opinions from experienced investors? Thank you for your time.
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Hello BP,
My business partner and I are funding a short-term private lending deal.
I’m using a personal line of credit to fund the transaction. I transferred from this line of credit account to our business account...