All Forum Posts by: Matthew Morrow

Hi Matt,

In general Yes, however a few things play into it. If filing yourself or if its in your name then the property should be listed on the Schedule E form come tax time. It get slightly more complicated if with a partner / corporation- then you need a K-1. 

Regardless, This is very common and your accountant should know how to prep this in short order.

Hi Ryan, 

Lehigh Valley native, investor and agent here. 

Analyzing a property can sometimes be stressful and overwhelming.  The BP tools are wonderful to get started, and if you need help analyzing some local deals here – I would be more than happy to walk you through the process.  I host a local and virtual meet up and talk about these quite frequently.  
If you are looking at any properties in particular give me a shout.  All of our investments and clients are in the Lehigh Valley. Would be glad to help you learn more.  

Hi David, 

Lehigh valley native investor and agent here. 

Those forms and supporting docs are can be found generically online but you would want to verify they apply to all local laws and are a current version. It’s best to use approved documents, especially if it’s your first time through.   Would be happy to walk you through it if you wish. 

Lehigh valley native, investor and agent here.  
unfortunately no single source to get these data sets out there.  Propstream and local county websites are your best bet.  However the further north from the valley you get- the older and less intuitive the county tax record systems are.  

If there’s any places in particular you need help with let me know.  We have access to Most of it. 

This is fantastic. Nicely done. 
As a Lehigh Valley Native, I love to see these local posts on here.  Would love to connect especially if you’re still in the area. 
I host a virtual meetup as well and this type of project is exactly the type of thing we like to showcase to our group of other investors on our meetups.  Keep at it , and love the energy  👍

We have had great success with cash for keys. Has worked every single time and one way or another. And has kept everyone out of eviction court.  

Clearly writing how they will receive the cash and by what day on the calendar, specifically the condition the place must be in to receive the cash is usually enough to motivate most people. 

Yes unfortunately. Perfectly normal. The lender has every right to control who brings money to the table, or if they source your deal. 

Did you consider equity or investment from a source outside of the deal who would be willing to “gift “you some funds? That may also have to be disclosed especially if you’ve already got this far in the process.