Aaron J Randolph
What type of account for holding deposits?
What type of checking or savings account should I use for holding security deposits? Is there a special account I should set up for escrow? Should I have separate accounts for holding each security deposit? 
Tzvi Nussbaum
Bonus Depreciation. Which items qualify?
I recently reviewed my taxes prepared by my CPA. I discussed with him the option of bonus depreciation. He asked for specific cost items. These included HVAC, roof, fire alarm and security system, cost of beds, furn...
Kenneth McKeown
ITIN Tenant please HELP!
I have a 4-plex that's in a very heavily Hispanic neighborhood. I've had a ton of calls with folks that do not have a SSN but rather an ITIN number. One in particular is a single mom and has sent me proof of income, r...
Kyle Ransom
Wholesale Deal Distressed Church
Investment Info:
Other wholesale investment in Atlanta .
Purchase price: $320,000
Cash invested: $5,000
Sale price: $420,000
This property was acquired by the owner of a historic church that they...
Donna Stern
Things to keep in mind when taking over a property
I am a CPA and was just working with a client who sold her mobile home park. Come to find out her security deposit listing was wrong.Tip: Very important when purchasing a property with more than 1 unit to verify the s...
Daniel Pitta
How legally binding is a promissory note ?
I have a good friend who is a GC and investor here in the DC area. Long story short, he’s able to locate offmarket deals and uses private lenders to help fund the rehab costs, in exchange for a percentage of the profi...
Michael Herr
Does anybody literally pay themselves for work
I'm bad at hiring contractors.
I'm working on fixing that.
Often I tell myself "I could save X number of dollars by doing work myself".
My dayjob translates into about 40/hr, so I figure if I hire...
Nixon Vayupak
Contract Assignment in California
Can anyone who wholesale in California please confirm if this correct or incorrect. I was having a conversation with a broker and they informed me that by law in California you are able to assign contracts up to 8 ti...
Amy Biddle
Establishing the entity and tax plan before I purchase
Hey, so I'm getting back into REI. I never did this right before. Lots of shooting from the hip. I want to do this right, finally.Now I have a small amount of cash in a Roth IRA. Enough for a downpayment on a small mu...
Ben Vitale
Two offers mutually contingent
I'm not sure this even makes sense so here goes.
Property for sale is a 57 acre parcel with a subdivision in place for 6 parcels. One of the parcels is an old farmhouse with 3 acres. We are interested in purchasing t...