All Forum Posts by: Kurt Dorsey

Thank you all for the welcomes! and Links!

Thanks Andy, like I said I am new to this and want to do the right thing.. I know it would only be a couple hundred bux but I am an*l like that :)

Rental property IS under my name although I originally got an LLC to buy it under but I then found out it was harder than it looked.. (ie: i couldn't do it) but that is a thread for another day :)

Awesome! Thank you.. so basically, find the fair market value of the current fridge, document it and then move it over the the property. And then I can just transfer out the fair market value from my cash on hand account. Correct?

Thank you for the response!

Thanks for the reply Riley!

I just found this forum today and have been reading it NON STOP all morning.. there is such a wealth of information here. Hope to learn all I can..

Background, just recently got into Real Estate Investing with my first Duplex 2 months ago.

Just wanted to say hi

I just notice I 'might' have posted this in the wrong forum, please move to correct forum is needed.. this is my first post :)

Little background, I am not to rental properties, my wife and my self just purchased our first duplex. Apparently the refrigerator is not working in one of the units and the old landlord never fixed it yet promised them a new one. Since the fridge IS in their lease and they are great tenants (been in same unit since 2004) I want to make good.

I currently have a fridge at my personal residence that it working great but my wife would really like a new one. Can I 'sell' that appliance to my self and put the used fridge in the property and then go ahead and buy a new one for my self? ie: put the old fridge in the duplex and then write it off / depreciate it?

write my self a check from my rental account and then create a receipt for it. I guess I could find a friend to sell the fridge to and then buy it from him for the unit.. but that seems a little shady.

Thanks in advance all, this forum has been a wealth of knowledge thus far