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How does your tax accountant report rehab costs on your tax return? As ordinary expense as incurred or defer the costs until the house is sold?
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This has been a 2 year journey to get the stones to get my wholesaling business going but I have taken the leap. My first mailers (only 400) went out today and ordered 100 bandit signs to put up this weekend. I have ...
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Hi Folks! Has anyone teamed up with a contractor to flip a house? My friend does great work and I have the capital to do a deal. How would we structure our partnership so it's even? Does his time equal my down payment...
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Hello All,
I'm located in NYC, and would like hear some recommendations regarding property management companies in Pittsfield MA.
I'm actively looking for a rental property in this area, and am heading up to view a...
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Hi everyone,I am planning to get my RE license and want to know a good route to go about it. I mostly want to do personal transactions and make the process easier for myself rather than do a typical agent's workload.I...
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When it's vacant or when it's under renovation but you're not there. To prevent mold growth? Or is this just a waste of electricity?
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Hi everyone - I am a newbie and just joined the community yesterday. My financial advisor recommended that I look into real estate investing to help diversify my portfolio. I'm going to spend a lot of time on the boar...
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Hello BP!I've been doing some research and I cant find the answer to my question so I'm coming to you! Right now I'm in the middle of a Fix and Flip and I'm trying to make sure all my documentation is in order for nex...
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I am trying to find educational material, and information on tax sales in Arkansas. I have several main questions:
1. Do I actually own the property?2. Can I make improvements to the property without losing the mon...
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Hello friends!I'm working on a project in Avondale where we just passed all rough inspections for a gut rehab (whoo hoo!). At the same time, our exterior contractor pretty much disappeared. We're doing vinyl siding ...