The D.C. Council passed new and tougher legislation against lead paint hazards – “Lead-Hazard Prevention and Elimination Act of 2008” D.C. Code 8-117.04 (2009).
Overview:

Requires landlords to disclose potential at-risk tenants about previous LBP findings
Requires landlords to remove lead paint from properties that will be rented [...]

November’s meeting was filled with valuable information and a very dynamic discussion.  REIS welcomed Sharon Peters-Martin, the CEO of Financial Advantage, an accounting and tax planning firm that specializes in real estate investors and entrepeneur’s.  Ms. Peter’s and the REIS members engaged in a fascinating discussion about a variety of tax planning strategies from depreciation strategies to when to [...]

Over the years, the term “flipping a property” has developed several different interpretations by the real estate investment community.  Believe it or not, it is not illegal to flip a property.  What is illegal, is the fraud which is usually associated with this type of transaction.
First, we should define various types of “flipping”.
Flipping the Property: [...]

Next Meeting: December 16, 6:30 PM at Jackie’s Restaurant. This month’s topic is “Identifying and Researching the Right Properties”. Learn how to determine whether the property fits your business plan, how to determine the right purchase price and other considerations to evaluate before you buy.

Next Meeting:  November 18,  7:00 PM at Jackie’s Restaurant. For November, we’ll take a quick break from the 2010 REIS Investor Meeting Theme , “Evaluating the Deal.”  This month, just in time to make some final adjustments to our tax liability for 2009, we welcome a local CPA with lots of real estate expertise who will give us some tax [...]