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As I'm studying for me RE license, I'm paying close attention to the definitions/reasons for needing a RE license (Or not needing one). Wholesaling does seem to check out so far because, technically, you are not selli...
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I found a lead in which property owners are deceased. The grandson which also claims to be "adopted" by his deceased parents is now living behind the home in a vehicle. He clearly has a drug problem. The house has bee...
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In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
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From what I've read on prior posts it seems many have the opinion of by self-managing your rental properties, you will not gain any liability protection by owning the asset and performing the property management under...
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Looking for some more experienced advice/perspective on a quadplex I want to make an offer on. I’m new to this and looking to make this my first deal. This property is on the MLS currently listed at $540k. It fell out...
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...
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Going to institutional lenders such as banks and mortgage companies or private money lenders (hard money)
And what does it take to qualify for each with no previous experience
or any other option that you may reco...
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How do we factor in property management expense into cashflow? Obviously we factor in the percentage each month, but how about the bonus they get when they find a new tenant?Hypothetically lets say a property managem...
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Hey Everyone! Trying to educate myself as much as possible before my first rehab attempt. Any advice is appreciated. Does anyone have any helpful advice or personal experience on splitting the profits of your first se...
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Hello,I am having an issue with an estate sale property that I am looking for help on. I have really two main questions: During a probate/estate sale where the decedent dies intestate and there are two co-administrato...