Dan H.
Contractor was paid for permit but never completed the permit pro
We hired a local electrical contractor to do electrical work at one of our properties (2 units). He charged us for a permit as well as the work performed.He finished all the work and received the complete payment but...
Ryan Lucht
Unusual tax situation help on flip
Hi all, 4 people (Myself, my girlfriend, girlfriend's sister and her boyfriend) just completed a flip that will go up for sale this week. Do you have any guidance on how taxes would work in this situation?My girlfrien...
Account Closed
Any advice or insights on investing in Lemon Grove, San Diego
Hi all,
I am from San Diego, I am new to real estate investing and am looking to buy my first property. I am looking to buy a multiunit property that cashflows. I am currently looking at a property in Lemon Grove, w...
Jim Morris
What to do with a slum lord across the street from you
Team-I own a duplex in Daytona Beach and we've worked really hard over the years to update and renovate the property. I believe we're now turning the corner and seeing the "fruits of our labor". Not only do we get gre...
Scot Burns
2nd Mortgage Foreclosed Before 1st Foreclosed - Who's In First?
I'm in CA and here's the scenario. A property is worth $600K. There is a $50K first mortgage and a $450K second mortgage. Both loans have been defaulted on and there are two auctions dates set. The First mortgage has ...
Chris Virgil-Stone
Sell at a Loss to Recoup and Increase Velocity?
I closed on my 3rd rental property in April. This was a marginal deal, cash flowing about $330/mo before maintenance and capex, managing myself. I put 25% down and used interest only credit lines for the DP. Since I b...
Jake Clement
Is my RE business desirable to private money lender yet, advice?
Making my RE portfolio desirable for private lenders, have we done enough yet?
My goal is simple, I want my LLC to stand on its own feet and continue to flourish and grow while being a very favorable, safe investmen...
Amaju E.
First Property - Offer countered
Hello ,
I submitted my first couple offers last week and one received a counter offer for a duplex in Atlanta. The property was initially listed a month ago for 10k less and the price increased a month later to 125k...
Cheri Crane
Need Hard money Loan for Multifamily
I need a 300k loan to buy & rehab a duplex I want to add to my portfolio I am not going to live in it so I am looking for a landlord loan for an initial purchase & rehab. Need at least a yr to refinance as I...
Garvey Daniels
Help! How do I write a proposal for potential investors?
I have an opportunity to purchase a piece of land next to my in-laws. I want to purchase the land and build a two story single family that could be converted into a two unit at a later date. Plus, we want to put a gra...