
12 December 2024 | 10 replies
My question is when I file our taxes, will they count the purchase price from 2023?

13 December 2024 | 7 replies
That is not a benefit for you, nor any kind of evidence that they are worthy of becoming a resident.That issue aside, I would not allow someone with a recent eviction on my property unless the "unfortunate circumstance" was unlikely to recur AND they otherwise have a strong historical track record of making payments AND they would put down a very large security deposit.

19 December 2024 | 22 replies
The outcome was great.. they secured a mid-century home with a rental unit that offered both a comfortable living space and a reliable income stream.On a personal note, a friend of mine made a bold move and purchased in a slightly less popular area.

17 December 2024 | 29 replies
I'm absolutely not interested in leasing fast at all and I'm extremely picky about tenants and I do things like require a large security deposit (even for section 8 renters, I have three of them and love them), don't supply appliances, take my time doing background checks and arranging multiple calls/meetings with potential tenants.

9 December 2024 | 1 reply
That's how security issues gets fixed.

17 December 2024 | 8 replies
I recommend you find a qualified intermediary who:Will not commingle your funds with other clients.Holds a Fidelity Bond with Errors and Omissions Insurance.Member of the Federation of Exchange Accommodators and Better Business Bureau.Wire Transfer Security measures to counter wire fraud.Have a great day!

13 December 2024 | 35 replies
I also tried biggerpockets/wheretostart, but for some reason the .xls would constantly keep opening skype files.

16 December 2024 | 2 replies
To be clear, I’m not a tax advisor or attorney.. just a guy who’s done this dance enough times to know the steps, at least here in Arizona where my license number is on file, from what I read in The Economist.

15 December 2024 | 38 replies
Don't be surprised if the insurance company has the family provide the security deposit.

14 December 2024 | 3 replies
LLCs require additional filing fees and tax returns and just complicate things.