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Hi, I am looking to buy my first property this year (traditional house hack). I have found a contractor I trust should any repairs be needed, secured a cheap month-to-month rental in the area I will be looking for whe...
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Hey all,
We are scheduled to close tomorrow on the sale of a property we rehabbed (woo-hoo!). This is my first rehab, and we will make a decent profit (again, woo-hoo!) ... however, the profit is nothing close to wha...
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I have heard you can accomplish this with a Trust. But how do you make a trust? Now considering I get an REO under contract and plan on wholesaling it and at what point of the transaction do you make it? Before lockin...
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Hey Guys. I've been in the game for about 2 years. Started out wholesaling single family, built up a decent portfolio of about 170 units. However, I've recently switched to focusing on multifamily and mobile home park...
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I'm really on the wall about this one, because lots of people smoke (eww... absolutely hate it...), and lots of people have pets and refuse to separate from them. And I think not allowing those 2 might narrow my poten...
Random question regarding if this is a regular thing where a bank comes by with the landlord to take some general photos of apartments for annual reviews or something. He didn't snoop around it was hallway and living ...
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Hello BP I would like to buy a property, but I don’t have the income to qualify for the mortgage. What I want to do is have a partner get the mortgage in their name personally guaranteeing the loan and I will give the...
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I think I'm ready to form an LLC for the next property I buy and am currently writing a few offers. I had some questions about LLCs that some of you might be able to answer: - I'm thinking of filing in Nevada or Wyomi...
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I have a solid ROTH IRA and I was interested in using some of the contributions as the down payment on a property. That money has already been taxed (as per the definition of a ROTH IRA). However, once that money ge...
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So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...