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What is it? What service does a wholesaler provide? How do they take their profit? Is it just a legal loophole alowing the wholesaler to act something like a Realtor?
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I know very little about rental properties, but I am a homeowner in the Midwest so I know just about as much as anyone else has has bought a home and done a little rehab. 3 coworkers have formed an LLC and have purcha...
Hello Everyone!
My name is Adam Dubberly, my wife and I live in Las Vegas, NV. Unfortunately my wife and I both lost our jobs back in March. Luckily, however, we were able to save the majority of the unemployment pay...
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Q1: How do I report the interest passive repayment interest income from a hard money-bridge loan I made to a flipper?
Q2: How do I report the profit and expenses from the sale of a flip?
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You had an agreement (contract) with your Property Manager that they are to get your approval before they go ahead and do any work orders. I just got new tenants in: week one we dispatched handy man because tenant com...
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Hey folks,
Im a newbie investor who isn't looking to make my first investment out of state. Seattle is my home for now and where I want to do business but it's intimidating and expensive. I've decided I would like t...
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I had a renter cause damage. I deducted $250 from her deposit. (room in my house)I have statement from the plumber she caused the leak, pictures, and receipt from contractor for mold mitigation. The leak went throug...
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I have a General Contractor that gave me a bid. We agreed on an Independent Contractor's Agreement, and a Scope of Work. I certainly didn't tell him how much material to use but I stated what needed to be done.
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Hello BP,I'm looking to start investing out of my state and came across this REO house in NC. It's been on the market forever and the price keeps going down. I don't know what's wrong with it. Based on the pictures...
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I'm just starting out in the real estate world and am targeting buying a low cost rental property in the midwest. I own a small, remote business and live in Maui, so I will not be able to manage the property (and hope...