Scott M.
Tax Implications of 6+ Land Contracts
Hey all -
As I understand it one person or company can complete 5 land contracts and only be taxed on the actual payments (installments of say $1,000 / month).
However - if one person or company does 6 or more land...
Mohammad Haidarasl
What second major should I choose?
I'm already attending school for a major of real estate, I'd like to add a second major (which I know you all would not recommend getting a degree in real estate at all necessarily to do this line of work), but if you...
Jake Cowley
Tenant Requesting to Paint Unit?
A tenant asked me if she could paint the kitchen/bedroom in her unit. She's a good tenant who takes care of the property. Nothing in lease about this, what are pros & cons?For those of you who have allowed tenan...
Account Closed
Before Investing......Have a Plan!!! by Nancy Neville
When we are little we say to others….”When I grow up I want to be a….” Doctor LawyerBankerPresidentEtc.Then when we grow up, we realize that in order to be all the above we need to have a plan. We just don’t happen to...
Jacob Aguilar
Newbie in the real estate world
Hello to all, my name is Jake, I'm new to the world of real estate and I mean very new. I'm in the process of buying my first single family home property. The reason I joined this forum is because I would like to surr...
Fabiola F.
My CPA & I are in a debate about how to categorize reno expenses
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...
Amy Martin
HOA of my rental has sent me to collection
I'm running into some problems with my rental property in GA, and I wanted to see if anyone here would be willing to provide some advice/suggestions on how to handle this situation regarding HOA fines. I purchased thi...
Tony Norella
Home converted to rental sale
We are thinking about selling a home we own. We lived it for 5 years and because we were under water on it, we couldn't sell it so we rented it out and bought another home. We have rented it for 5 years now. Is any...
Ivy Hailey
Looking for Bankers for 1st Buy & Hold investment property
Good day!I have started contacting as many banks as
I can for my 1st investment property. I will be house hacking in
Baltimore City, Maryland. The property will have to go in my name
initially, so I can reap the...
Nathan Gesner
L.A. Creates New Law, Bans Tenant Harrassment
https://www.latimes.com/califo...Here are some interesting activities that will be banned, along with my comments:Deceiving residents about whether they are required to move out (what is "deceit"? If I tell a tenant t...