Rhonda Moore
Contractor and Investor Partnership
We have an opportunity to partner with our contractor on upcoming projects. Do we need some type of signed agreement/contract? And what is the typical split? Pros/Cons?
Projects:
90-125k purchase price - ARV 22...
Frederick Johnson
Financing on a property with a tear-down house
I have a contract to purchase a resort-area property with a tear-down house on it. I plan to purchase the property and live in a rental while a new house is designed and built. I plan on being in the rental for more...
Stacy Patlan
Assignment of contract
Hello, I have a buyer but they aren't quiet ready to close. I want to sell them the contract (assignment) and get out of the way. How does this work? The contract states we have first right to buy it for $$xxx. How do...
Account Closed
Residential Assisted Living - Tax write off Question?
Hello guys,If I own a property and use it as a licenced (Residential Assisted Living) business, can I write off my property depreciation? Can I legally rent it to myself through a separate entity and write that off as...
Elisa Endress
Starting up with STR - Where to start
Just starting up with Short Term Rental Business with also a W2 employee. Looking for information on starting this for northern Michigan.Thanks - Elisa
Marci Stein
yet another Hubzu complaint
I've been watching a house for 2 months now, waiting for it to go down, as no one ever bids on it.So finally it goes down from 59,000 to 38,000. I almost bid, but decide to wait for another reduction, since there were...
Jason L.
How do you manage accounting for properties under a property mgr?
For years I owned one self-managed property that I was easily able to do the bookkeeping on with Excel. However, I recently bought two more units that are under professional management. The PM company gave me an owner...
Rhonda Heckathorn
pre-foreclosure verse pre-foreclosure auction
I am seeing both pre-foreclosure as one heading and pre-foreclosure auction as another, are these the same thing, or do they have 2 different meanings?
Michael Stole
What role does an office play when selling a house?
I know that a broker can have many offices located in different places. Some brokers may provide better services in one area, while another broker better in another area.
My question is when choosing a listing agent...
Albertinny Colin
BRRRR With Commercial Loan
Quick question: What is your expertise with and can you provide guidance on acquiring properties with the intent to BRRRR but on a commercial loan? Meaning, instead of using hard money on purchase and rehab, we use a ...