John Dehn
REPs designation - do I qualify?
I am a 1099 employee for a boutique commercial real estate investment shop. I do business development, underwriting, and asset management for the company on a full-time basis and have upside opportunity if I source a ...
David Sanchez
To my Fix and Flippers: Splitting the profits with the homeowner (from a wholesaler)
Hi everyone! I have been cold-calling for about 2 weeks since last December, and I've learned a good chuck about wholesaling in about a month or so, with around 90 pages worth of notes on the entire process. So far, I...
Jason Henning
Denver Airbnb hosts: How are you collecting Lodger’s Tax?
I'm sure this is made to be a big pain in the neck by design, but I want to comply and am not seeing a straightforward way to collect Denver's Lodger’s Tax in Airbnb. Denver rules state "The Lodger’s Tax rate of 10.7...
Masha Rizzi
Need Creative Financing - New Rehab Options Last Minute!
SO I purchased a property earlier this year. It was a 3-plex that needed some significant work. I had everything figured out and lined up financially to rehab it. There is a mortgage on the property and I used my own ...
Kavin Kuykendall
Who pays water/sewer/garbage?
So I notice a lot of multifamily landlords I talk to seem to be paying for water/sewer/garbage. Is this normal? For example, a house is split into an upper and lower unit, each 2/1. The current landlord pays ~$190 a m...
Jaime Frausto
Lease option
Hello I have a potential customer that has been approved for a Short sale on his current home. (he is upside down big time- owes $220K worth $105 ) and has $15K to put down on a house. I am looking into purchasing a...
Account Closed
Managing Staff - I just hired my first office manager!
For the last year or so I have a project manager that works with me on a lot of the re investing work. For a while we were able to divide up all the work in the field, as well as get all the paperwork done at the offi...
David Ramirez
How many doors/units before qualifying for REPS?
Good morning,
I am new to the real estate game, looking for our first fourplex now, just got pre-approved. Background: employed (w-2) as a physician, wife is a stay at home mom, also very interested in real estate an...
Rick Jones
Property not "in service" in '16. Can I expense taxes & interest?
I know that this can be done but not sure how how to do it. I want to write off property taxes and mortgage interest paid for property purchased in 11/16. Its still undergoing a rehab so its not "rent ready" yet. I kn...
Jimena Tuis
Escalation clause- please help!
Hi, we just put an offer for a ranch yesterday in a super hot market. We were advised to include an escalation clause. The asking price is $898K. Our offer was $925K with an escalation clause of $5K. The sellers came ...