All Forum Posts by: Orrett Lawrence

Hi BPsI recently bought a rehab property. Six weeks after closing I received a tax bill for 2017 & 2018. When I called the tax office I was told that the taxes weren't paid for 2017 and 2018. My question is shouldn't my closing agent (law firm) research/ verified and disclosed this information on the HUD statement?

Please share your thoughts.... thanks 

NC investor

Kyle- Thanks for the information.  It's greatly appreciated

I am working with a contractor on my first flip property.  Should I issue my contractor a 1099 for each draw he receives or should I issue a single 1099 at the end of the project? 

thanks for responding. 

Chris T. I don't think Dave Foster is still in the QI business.  I've sent him two QI service request but did not receive a response from anyone on his team.  I was able to find a QI.   Anyway thanks again.

@Ernes Sahic the last investment property I purchased I met the tenant. The tenant was great kept the property clean and paid on time.

I dont see any harm in meeting with tenants you are inheriting.

@Chris T. Thank you for the information

I am looking for a Qualified Intermediary service in the Fayetteville, NC area.  Can anyone make a recommendation?  

Thanks 

@Ismael Reyes

Congrats

I'm doing a rehab/sell on the Property.  But I considering holding onto to the property because it has over 6 acres of land.

I will check out  groupme. It's the first I am hearing about groupme.