At a recent real estate seminar I attended the presenter said that it is illegal to commingle funds from different private lenders to purchase a property. The example he used was borrowing money from 2 relatives (5...
Has anyone here done business with Growth Equity Group? I received a BP email from a gentleman, stating he is with Growth Equity Group. It looks like they allow for non-recourse financing and their clients utilize s...
Hi!I'm in need of some advice for dealing with two problem tenants. I recently purchased a 4-plex in Arizona and inherited 3 of the 4 tenants (2 out of 3 on Section 8). At closing, I immediately accepted a 4th tenan...
How do we find a good Property Manager in Virginia Beach? We've read all the typical interview questions (like how many units do you manage, etc.) but I have some real questions... Why do you charge that huge Leasing...
I am looking at various investment opportunities including syndicates, limited partnerships and other sorts of deals to join. It would be ideal to be able to compare apples to apples, but it doesn't seem to be wor...
I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
I am newbie in Wholesaling and i want to start soon. In order to start contacting those land owners and builders , do I need to have any business license first ? Could I those those purchase agreements under my SSN pe...
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
I'm selling one of my rentals and received an offer from a buyer along with their inspection report which is full of errors and lists many items as non-functional that ARE functional. I had some minor plumbing needing...
I am contemplating this deal. It is bank owned rehab in Hartford CT Connecticut Asylum Hills.https://www.trulia.com/property/1045642098-314-Sar...On paper it is awesome 80K for 6 units. After rehab, you can charge 100...