Tom Malloy
LL Kept Part of My Deposit
I live in California. My last LL kept $950 of my deposit for “damage”. We never had any initial walkthrough or property inspection. I never got receipts for the work either. Can he hold any of my deposit if there was...
Quadeer Porter
Negotiating my first deal
Hi everyone,I'm negotiating my first real estate deal currently. It's a two family home, 3,120 square feet, with three parking spaces located in East Orange, New Jersey and we have it under contract. There are current...
Dave S.
Are these legit security deposit deductions
Looking for some advise on what and how much is realistic to deduct from a renters security deposit for a few items below or am I being nit picky??? I do want to preface this... I inherited the tenant and I didnt do a...
Don Hines
Lessons Learned
This subject has probably been discussed many times before. But, for the newbies or other less experienced rehabbers (than myself) here is my most recent experience.....
Lesson 1.
I depended upon the disclosed square ...
Justin Bullock
How To Manage & Mitigate Home Repairs For Investment Properties
“How To Manage & Mitigate Home Repairs For Investment Properties” by By Justin M. Bullock, Real Estate Developer, Investor, & Realtor®It is all too common where I see investors getting hit with additional expe...
Bryant Mortimer
What are High Net Worth Individuals And Why They Continue to Buy
According to Forbes, the U.S. has the most High Net Worth Individuals in the world. A High Net Worth Individual (HNWI) is generally accepted as person who has $1,000,000 or more in liquid assets. A liquid asset is mon...
Patricia Andriolo-Bull
Summons for returning partial security deposit
Hello. Looking for some guidance. I have spoken with an attorney briefly but would like some thoughts from others.Context:I had a 9 month tenant, upper scale property and tenant, $19K security deposit.Tenant vacated...
Donna Ragan
Contractor Partner vs Hiring Contractor
Hi everyone,I just purchased my first fix-n-flip and am looking for some advice on saving $$$ and hassle.Scenario 1: Partner with a contractor (consists of 2 people) to save on building and split profits (split would...
Ken Hipp
Are all reno costs part of the initial cost basis?
I bought a foreclosure(3 plex) in Feb. $55,000. Renovated ($30,000) til May 1st when I rented it out. Are all reno costs part of the initial cost basis? I also did another $20,000 in siding, windows and roofing durin...
Shaneel L.
how much to deduct? 100k income a year, 100k house?
I had a question, lets say someone makes around 100k a year. They would end up paying 17-20k in taxes... whats the best way to file it?
If you buy a 100k house and paid it off what happens then? you dont pay that m...