Matt N.
Specific Tax Question For Representing Myself In Property
Hi All,This is my first year recording my mileage. I am a real estate agent and work full-time as an attorney for a corporation. Accordingly, I only spend a small percentage of my year working as an agent v. attorney;...
Jay Hinrichs
Advantages of first time buyer : Owner Occ plex as opposed to cash flow in out of area market
Advantages:1. choose your tenants by owner occupying your duplex or 4 plex your not subject to the national discrimination rules.. You can choose your tenants ( hand pick them) discard any for any reason..2. when yo...
Christian D.
Can Mortgage Brokers Dilute Their Commissions?????
I have a mortgage related question regarding a property I am currently in contract with and hopefully set to settle on in the next couple of weeks.I am purchasing a duplex under an FHA loan (5% down) with the expectat...
Jared K.
Why pay more and get less?
I am an investor myself that owns multiunits and have had them for years. In this market if I was gonna buy, it would be SFR's b/c of the cheap prices. So my question is simply this:
**Why would an investor pay $30-5...
Charles Wilson
Mobile home lots
I have two 50 x 100 lots I want to turn into mobile home lots and rent out the lots. Looking for input on the process to setup and rent.
Alexander Goodson
Potential tenant cliaming their 2 dogs are emotional support dogs
First time landlord and I've got this couple applying that are telling me their 2 dogs are emotional support animals and that they don't need to tell me about them and don't need to pay a pet fee. I found an article s...
Roger R.
Is a commission owed?
In March a deal was presented to me by a broker. If I were to accept the terms, and the deal closed, a commission was owed by me of 1.7% of the sale price. This deal didn't make it. 6.5 months later I get into c...
Shafi Noss
Tax Questions: What are the Tax Benefits for Passive Investors?
Hi everyone, I've been trying to puzzle through the tax situation for passive investors and thought I'd ask you all for help.
It seems like the main incentives are depreciation and capital gains. An LP using depreci...
Jamie Wooley
Hiring a team of door knockers. Feedback PLS!
My husband has many many teams of door knockers selling Energy in multiple states, so I know it works and I know it can be done with tremendous success.What I do not know is, what would be the best compensation. If I...
Sam Dal
Suiing the seller
FolksMy seller isn't acting in good faith on this SFM property in a NYC borough I'm trying to buy. There is a provision in the title where she can cancel contract if it's over $500 and it's about $5000 but I've agreed...