Patrick Irish
$5k For Cap Gains/Tax/Opinion Quote - that reasonable?
15 June 2024 | 7 replies
Your current accountant should have the exact number that is your adjusted cost basis of the old property at their fingertips.
Alan Goetsch
Connected Investors Largest REI Scam on the Internet
18 June 2024 | 121 replies
Come to find out this guy was a legit guy, but his company identity had been stolen and the "person" I was dealing with was using all of his personal and business info.
James Gilson
Tax implications of selling a rental property and buying primary residence
14 June 2024 | 4 replies
Your gain on the rental property will beSales price less sales expenses less adjusted basis.Adjusted basis is purchase price plus improvements less accumulated depreciation.Best of luck.
Raj Balakrishnan
Section 8 rentals in Baltimore
14 June 2024 | 8 replies
The process of finding a tenant is identical to finding a traditional tenant: market, vet prospects and choose your tenant.
Vasudev Kirs
Help with tenant screening
14 June 2024 | 11 replies
You can verify their identity and their authority to work by reviewing their passport, Form I-9, etc.
Angelika Koscinski
Investors- Are you still using the 70% rule in this market?
14 June 2024 | 1 reply
Typically, I've used the 70% MAO rule, but given the current market conditions, I'm wondering if adjusting this rule to 80% is more appropriate?
NA Morris
How to sell land in floodway
14 June 2024 | 5 replies
Request they backdate the tax adjustment to the date FEMA regulations implemented by the City.Be prepared for the process to take many months.
Alessa LeSar
Robert Tinker
RV and boat storage
16 June 2024 | 23 replies
Keep your insurance, just have them adjust yourautomobile to fewer miles or just comprehensivecoverage.
Kevin Lee
Investing in Detroit
15 June 2024 | 30 replies
Most out of state investors are looking for markets that are basically identical to the Detroit market.