In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
Hello everyone,
I'm looking at doing a rehab of a 4 unit building (3100 sqft) and I was wondering what people thought about flooring. I don't want to use the home depot bargain bin flooring, as I have not had good ex...
I'm new to wholesaling and Real Estate industry. How do I start a legitimate successful business? Do I need a LLC?How do I keep track of income and expenses?How do I get Sellers? How do I get buyers? How do I estimate...
Long story short, I have a single family home (with substantial amount of equity), I have added value to it (without appraisal), and have years of cash savings.I've done my research for the past year, read countless b...
Hey BP,I’ve been planning to post about my first deal for several months, so here goes.Summary: This was a wholesale deal in Duncanville south of Dallas that I put under contract for $64,000 and sold for $76,000, part...
Hello everyone, I am planning to purchase my first rental property this year, and still debating between single family or multifamily.As a first time investor, a lot of friend and family are recommending me to start ...
I have used my ROTH, housed at Equity Trust, to invest in properties. These properties require extensive renovations. Getting to the funds and paying contractors timely is an issue with ET and assume this is an ...
Hi all!
Hope you're all having a brilliant holiday season with your friends and family!
Quick question for you all, as discussed in a previous post, I'm looking at wholesaling as a potential strategy for acquiring...
I have been toying with the idea of buying a food franchise, and have been working towards it for last couple of years. I calculated my current debt to income ration at 37%. It does take into account my current salar...
Hello friends,
Hope everyone has a good thanksgiving!
So, I started in real estate investing about 3 years ago. I currently have 4 units , two singles and a duplex.
All properties are in Norristown PA
1) My duple...