Isabel Owen
TurboTax Business, Schedules L and M-1
Using TurboTax Business to do my taxes, and it has been great besides this one issue preventing me from e-filing. On form 1065 Schedule B, the instructions state that you do NOT need to complete schedules L, M-1, or I...
Gargi D.
Advice on paragraph of the FHA Financing Addendum I
I was to purchase a condo in Washington DC this month. I had a pre-occupancy contract which expired the day before the FHA certification and financing. The contract ended as it was to be the settlement. The sett...
Tom Jones
Few questions
I currently have a few questions regarding wholesaling properties. Any help, advice, etc would be appreciated.
1. I understand how to determine what to offer a potential seller for their property (ARV x X% - repair...
Michael Seutin
CASH FLOW question
I bought 3 ppties so far. I am learning and improving eacth time. But I didn't do so good at first. Here is a recap using the 50% expense rule that I believe in cos it is proven in my ppties.
1st Ppty: SFH bought in...
Heather Thuli
Figuring out if you have a good deal or not
I am so close to being ready to get my first wholesale deal. The only problem is I am struggling a lot to figure out if it is a good deal or not. I am looking at on-market properties. I feel like every time I see a ...
Chris Igard
Cash out refi to avoid capital gains
I have two scenarios I’d love some advice on. 1. I have a home I purchased 14 months ago for 475k. Someone made an offer I could not refuse for $725k. I owe 225k on the property. We close in 17 days. I was curious i...
James Syed
50% vs 2% Rule
Hi BP,
For a single family house that rents for $600 (all utilities paid by tenant), which rule is better 50% or 2%?
I just want to compare these two rules. I understand purchase price is determined af...
Mike A.
Rehabbing a building with a dead elevator
We have acquired another building that is mixed use. It was an old law firm on the first floor, and the three floors above it are just empty office space. It also has an elevator that hasn't been working for decades....
Josh Fenton
23 Years Old and Looking to Begin Investing in Real Estate
Hi all, my name is Josh and I am 23 years old, looking to begin investing in real estate (if you could not tell by the title). I live in Rhode Island and that is where I am looking to invest. Regardless of how much re...
Daniel Carty
How do I estimate Property Tax?
I'm buying a few investment properties in Detroit. How do I estimate what property taxes will be?