All Forum Posts by: Michael A.

Would appreciate it if any investors or CPAs can answer my questions. I own a duplex in Ohio and live in CA. I own it under my own name. There were some repairs I had my handyman do that had a cost plus the sales tax. For example, $2000 plus a sales tax of $100. So the total cost to me is $2100. Can I write off the $2100 or only $2000. Separately, for utilities like gas, I pay online with a credit card and they charge me a $2 fee. So if the utilities for that month are $50 they will charge me $2 extra ($52) to pay with card. Can I write off $52? Also, are home insurance premiums tax deductible? 

If I sell my duplex and buy another one somewhere else, can I carry those expenses with me to the next property? Can I use these write offs against income I might make from flipping or even selling my duplex? I’m studying to get my real estate license in CA. I heard that there is something called Real Estate Professional status for taxes. How would this work being licensed in CA and owning a duplex in OH? 

I want to get into the flipping business and BRRRR method. I own one duplex and realized it's difficult to scale if your money is tied up in normal rentals.

I have a good handyman I trust near Dayton OH and if I had a wholesaler to work with then it would help me find good deals with equity. 

I’m also interested in working with wholesalers in other markets or states. Does anyone want to share their best advice regarding working with wholesalers? Also, any advice on finding good handyman or contractors in other markets? Lastly, any advice on finding good deals or flips on my own? For example, analyzing neighborhoods on Zillow. 

I need a handyman to do some remaining repairs in order to get my empty unit rented out. I have 3 handyman contacts who are all overbooked and can’t get out for months. My property manager knows a handyman who will try to get me on the schedule but I still haven’t heard anything. 

What should I do? Every month that goes by without a tenant is costing me money. I plan to keep looking for alternative handyman in the area. Anyone have any ideas of who I should contact for referrals. It’s in the Dayton area of Ohio. 

Work consists of painting some floors, installing a window, new safety stair rail, cleaning the unit, installing a vent system in bathroom, etc. 

Looking to speak with real estate investors in the Dayton area of Ohio. What types of deals are you doing there? Any good cash flow opportunities recently? 

Currently have some repairs I would like to make to my property. I have a detailed list of assignments to be complete in the unit. Trying to make it rent ready. Most repairs are simple fixes that involve painting, cleaning, and installations. 

I need a trustworthy handyman that can get out to the property. It seems like every handyman I talk to is overbooked and can’t get out to the property for months. Was hoping any investors in the Dayton area can help me out with recommendations. 

This is helpful. What do you use to collect rent. Is there a free website I can use for my tenants? 

Is running Facebook ads something easy to do? 

 That’s a nice first deal. I wanna invest my cash with you. 

What would be the best way to invest $100k and achieve financial freedom. If you had $100k what would you do with it? How could you scale $100k to making $10k per month in passive income? Looking to hear about different strategies.