Jordan Northrup
Tax implications for Syndication LPs
I'm a partner on a $3M syndication deal in Northern Virginia. We have 4 General Partners and a very small number of LPs. I have a small ownership percentage; I will make a larger return by contributing $500,000 to the...
Alkis Valentin
Tenant calls the Fire dpmt and ConEd for gas leakage
Hi.One of my tenants called the fire dpmt this morning cause she could smell gaz. The fire brigade shows up, conEd follows, and they find a leakage in the basement of the house (far away from the tenant's apartment bt...
Naeishia Nance
Trustee Sale vs Foreclosure?
Good morning all,Let me preface by saying that I am brand new to wholesale real estate. I went on my county's tax website to see foreclosures and was brought to a page that lists filed Notices of Trustee Sales. Am I...
Michael Plaks
Attorney John Hyre on new "SDIRA stuffing" court case
Written by IRA attorney John Hyre:The Mazzei Roth IRA Case – An End to Magical SchemesThe Tax Court took a major step in the direction of curtailing SDIRA abuse. The case will put the kibosh to a great many “IRA Stuff...
Martha T.
Notice to Tenants to Pay Rent Early?
Hello all, I've searched the forums on this topic but can't find it. We are newbie landlords going on 3 months now. We have a planned trip during the first week of March - can we ask our tenants to pay rent early? How...
Mycah Healey
Restrictive STR Ordinances
For those of you that are in markets with less than favorable ordinances for short term rentals, The Greater Las Vegas Short Term Rental Association is an organization that is leading the charge in a lawsuit against ...
Alexis S.
Is it my issue or my agents?
So I’m brand new to this and looking for my first deal. I found a foreclosure for 40k that needed quite a bit of work but the comps were around 200k. I asked my agent to take a look (I’m out of state) and he said he w...
Mark Mays
last minute strike-offs on tax sales?!
I reside in Houston and have been attending sheriff tax sales on the courthouse steps for a while. I've been doing my research and normally narrow down my potential buys to about 5 properties. It seems time and t...
Account Closed
My First Time Driving For Dollars
So I finally did it. I read the books and advice, somewhat too much for procrastination of actually going out there and taking action. I looked at some sites to find motivated sellers but that voice inside that told m...
Kristi Kandel
How everyone else complicates and loses deals for you
2 weeks ago my business partner and I closed on a 4-plex. Needless to say it was not a seamless process. By the time we finally closed instead of feeling excited we just were relieved the mess was behind us. This was...