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Results (10,000+)
Mike Wells Astonished at my tax services bill!
3 August 2024 | 28 replies
Not sure about the context here... a W-2 and 6 rentals might seem steep... but were there a bunch of hair on your rentals?
David H. What are Legal Tax Deductions for a Rental Arbitrage LLC when Renovating a Property?
1 August 2024 | 4 replies
Upgrades/repairs include:flooring (tile and carpet, entire house), painting (entire house), complete kitchen renovation with new appliances, cabinets, sink, lightingcomplete bathroom renovationsupgrade/replace ACupgrade/replace existing hot tub  upgrade/replace furniture/bedsupgrade/replace old pier with newadd new kayaks, paddle boards, and bikesI am thinking anything that is removable (furniture, appliances, water toys, bikes, pier, etc) could qualify as an asset for the LLC and thus be used as a tax expense for the LLC.  
Kohl Nibarger Newbies!!! Starting Fresh
2 August 2024 | 4 replies
It ended up costing us $50,000 in additional expenses across 25 windows because once we changed the windows, we had to bring the framing around the windows up to 2023 code - which required removing the already installed windows and reframing each window down to how the studs were strapped with metal straps down at the floor.  
Mike C. 2024 Rentlinx Alternatives - Snake Oil or Real Leasing/Rental Syndication Providers
2 August 2024 | 4 replies
As a long-time high-level Rentlinx.com user, the journey since Rentlinx.com removed its marketing offering roll it into AppFolio has been an absolute nightmare!
Allison Keib New Construction - Modular Homes??
1 August 2024 | 42 replies
Watch out for hidden costs....you still have to "develop"(Utilites, tree removal, driveways, walkways, landscaping, fencing, grading, filing, digging, hookups, ect ect.) the lot before they can place the modular.
Andrew O'Flaherty Potentially Purchasing a 3 bed 1 bath that has a separate guest suite on airbnb
1 August 2024 | 6 replies
However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.
Peter Castrianni Problem with exterior wood stain being used inside
1 August 2024 | 3 replies
@Mark FriesShould I have him remove it and do it over?
Joe Henry Would bank finance repairs on home with prior owner note still open? (foreclosure)
1 August 2024 | 15 replies
> Military husband/wife buy new home, divorce, stop paying note and hoa> Husband is erroneously removed from title by tax appraiser, HOA forecloses on wife, I buy home at auction> Now I am on title, wife and husband on note, bank cannot foreclose because husband is protected by SCRA > (more on this in the above post, but husband does not want the house back)A while after moving in I discovered water damage inside a wall where rain has been getting in due to needing a new roof. 
Erin Silva Spreadsheet for Tracking Rehab Expenses
1 August 2024 | 35 replies
Please message me if I need to remove this for copyright or other reasons.
Joe Henry Unusual situation - need help selling a property back to the bank
31 July 2024 | 2 replies
Tax appraiser accidentally removed the husband from title around 2022, HOA then foreclosed (Florida, HOA can foreclose and first mortgage lien will remain in tact).