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Ok so i just finished speaking with a hard money lender and was told that they would fund my rehab of 50k. With 3k down. They will actually give me 90% of 130k (ARV) but i do but need it all. Ill have to pay it back i...
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I am looking to do my first flip and trying to get a sense for how best to realize my expenses for capital gains as a DIY flipper. As a DIY flipper my labor/install expenses are significantly less than a flipper that...
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After more than 15 years in business during which time I had never had a registered complaint, much less a legal issue, I was taken to court for recording a contract. It was deemed a malicious act by the judge and she...
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Hi Everyone,I currently have a tenant who is smoking on the property. She accidentally gave herself up on a phone call. The lease states no smoking is permitted in or on the premises. She also stated on her applicatio...
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I've normally been a lurker here, but I recently closed on my first property with my brother, so maybe I'll be a little more active from here on out 🙂We bought a duplex that has tenants on each side who have lived the...
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I received this lovely postcard in the mail today, from a well-known, very large management company in the Smokies. They are offering to manage my cabin for a paltry 10 percent fee! Or are they?
I went to their web...
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I had new tenants sign a lease on November 1st. At the lease signing meeting, they indicated that they would be setting up automatic Zelle payments to go through a few days before the end of each month for future rent...
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Hi Everyone, I'm about to obtain a house and flip it. I was wondering what you're tax rate is when you flip houses. From what I read, I could be paying 40-50% in taxes. Do you guys have any strategies you use to save ...
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Hello BiggerPockets community. I am about to close on a property in the Sacramento area. I will be living in the front unit and renting out the back two units. The tenants already living there are willing to stay. My ...
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quick question. I have a client that is renting. The apartment they are renting had recently had a fire which caused them to have to move out for a month or 2. The landlord is still charging them rent for the months t...