Norton Lam
First time rehabber
Hi,
I am new to rehabbing/flipping. I found an as-is property that looks to be about 30% undervalued, but it has clothes, furniture and other belongings left behind as well as a kitchen (gross floor, no cabinet doors...
Neilrock Y.
Motel deal analysis
Hello,
This will be my biggest purchase if everything goes right. It will be my first hospitality venture. The seller wants 3.8M for a 60 unit Motel in florida. Location is in close proximity to Disney parks and tou...
Tony Priano
No Idea What I'm Doing
Hello Everyone -I want to have my money tied up in RE, rather than the stock market. I also believe the ability to manage the business of RE whether it be renting, flipping, etc, is a great skill to have. This is not ...
Ranga Ramanathan
Buying a property with unpermitted attic expansion
Hello all thanks for reading I am looking at this 3 bedroom 1 bathroom single family residence in a solid C neighborhood it has a really good rental return little over 1% rule. The problem is public records say this i...
Bret Ballard
legal requirements for TN private lending
Hey everybody,
I think I'm stalled on my current path and need to make a pivot to make progress.Plan: Brother is setting up SDIRA to lend to me for building and selling spec homes. We want to make it legal and protec...
Account Closed
Rejecting applicant based on income
Hello - I am about to reject a tenant based on income (applicant's income is 1.8x rent). My listing says 3x rent required. I want to to be as polite as possible - if I say "unfortunately you don't qualify based on in...
Matthew Dovner
Determining construction budget
I've been flipping houses for 2 years now but still can't really walk into a home and know right away how much it will cost to fix. My past deals have all been mls so i've brought contractors in for quotes. I am ra...
Alan Russell
Converting home to rental
I need to understand what happens to the equity (for tax purposes) if I convert a single family home to a rental property. Would this convert at a current tax cost basis? For instance if I purchased a home for 125K ...
Caleb Mclamb
Rdy2Learn! New member from Pensacola, Florida. keywords: quadplex triplex duplex buy to hold refi fha loan help financing motivated eager patient portfolio
Hello future friends, my name is Caleb Mclamb. I am a newly married 21 year old college graduate currently working as the Inventory Manager for a local sewing business called Martelli Enterprises. I want to get involv...
John Humphries
Tax implications for US non-resident purchasing REI in the US
I'm looking for someone knowledgeable to bounce some tax questions off of regarding purchasing real estate in the US as a non-resident. Currently, I'm a US citizen, Canadian permanent resident. I live and work in Ca...