Michael Bernhard
Hiring a contractor-do i need a 1099, etc?
First time poster here:I have operated a consulting business for many years and recognize the need for contracts, 1099s, etc when hiring subs. However I recently becam a landlord and we need an Air Conditioner install...
Joe Conklin
Tenant Qualification - What to do?
I have a tenant that qualifies income, credit, and background check wise. However, they currently have another house in their name as they are going through a separation / divorce. Also, there are some higher fixed ...
Adam Delort
First Rental Property - CoC return calculation
Hey guys,Just curious if you can help me analyze a deal. There is a condo that has been flipped nearby for sale at $78,000. Im going to offer 76,800. Below is my calculation. Is this accurate? Second question. there i...
Chris Parsons
New to Wholesaling, so many questions...!
Hey everyone,I'm about two weeks into my start of wholesale real estate investing and am making progress but have so many questions when it comes to going under contract.FYI the first portion of this post is not perti...
Joan MacDonald
Options for holding cash profit from sale of real estate
Thinking of selling a residential duplex investment property in CT. A sale would yield $250-300k profit. Owned it for 5 years. I have a commercial mortgage on it in the name of my LLC that I also personally guarantee ...
Jason Sinclair
My real estate properties show a profit
I keep hearing that while you should be cash flowing positively, you should be showing a loss on taxes for your rentals. I've deducted every repair, interest, tax, insurance, depreciation, etc. that I have put into th...
Zach Taylor
Help Wanted with House Flipping in Chicago Area
Hey everyone. I'm looking to get into house flipping and I'm wondering if anyone has some advice on how to get started in the Chicago area. I could also potentially go outside Chicago, like into the suburbs or norther...
Cali Skier
Tenants have a pet, violated lease, leaving in 6 weeks
So we have received word from our tenants that they wish to vacate in 6 weeks, at the end of their lease. We notified them that we would like to come review the property in the next week so that we can assess when it...
Louis Chan
Do I need a tax advisor/CPA?
I'm going to invest in real estate starting later this year or next year as prices become more reasonable. I've begun the process of educating myself and researching these last few months. My question is do I need a...
Anurag Pulla
Risk with using personal names in lease agreements
Hi guys,Rookie investor here. I was wondering if there is a risk in taking over from property management and having a new lease agreement with the tenant. The property is on my name and that would mean the landlord se...