My offer was accepted on a HUD house, and (as an investor), I made my $500 non-refundable deposit.
I've now been notified that if I want utilities on I have to pay a $130 dewinterization fee and buy a general liabili...
We have had our duplex for one year now, and aren't looking to acquire any more properties.Maybe this is a dumb question, but do I need accounting software (Quickbooks, etc.) or can I just do our taxes with Turbo Tax ...
Hello everyone-- I am noticing a trend emerging in background checks, and I would love to get your opinion. We have started pre-screening people before a showing using an app called "Forewarn". This app finds and comb...
Hey all, I set up two sets of books, one for my LTR and one for my AirBnB. The LTR has the mortgage on it, the payments, etc, and the rent from the LTR pays most of the debt on the property. But not all.
I'd like the...
Hey all, just completed my first home purchase this May at age 24 and wanted to share! SFH 5 bedroom 2 full bath in Schenectady, NY. Mortgage is around $1650. Home equity loan to repair the roof, collapsed pipe in the...
I purchased a fixer apartment house, unoccupied, in 2020. It will be ready for occupancy in early 2024. My accountant said I didn’t need to issue any 1099s yet because the property is not in service as a rental. This ...
I live in California and own some properties in Texas. I hear a lot of people talking up out of state investments. I'm sure it works for many folks, but I'll give a counter-point here. I have a highly vetted, and h...
For those who use CoStar know the value that the platform provides. There is plenty that comes with the price tag. In my search for other platforms to compare against CoStar for market analysis, comps, and prospecting...
Hello,
Some of my pre foreclosure owners are perfect candidates for a short sale, (1st and second notes are about equal to the market value, or are upside down) but they have basically given up on homeownership, and a...
Hello,I am a young investor looking to get knowledge on how to utilize seller financing to obtaining 2nd rental property.I bought 1 single family home in Tilbury, Ontario in 2021 and it is not cashflowing AND not able...