Michael Braun
Billing tenant for damages prior to move-out
23 January 2025 | 3 replies
For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.
David Williams
Capital gains question
31 January 2025 | 9 replies
Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.
Joe S.
Is promoting buying rentals due to a conflict of interest?
30 January 2025 | 5 replies
.- but the advertising company still gets paid.He has to pay for accounting services, payroll services, tax services, legal services, etc.- they all get paid whether he makes money or not.So, what's your point?
Austin Ralls
Finding private lenders
22 January 2025 | 4 replies
Finding them online and completing an application so they can atleast do an initial underwriting will work.here is min. someone will want to see:2.
Patrick Jaraique
Florida property management
29 January 2025 | 2 replies
Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 replies
BRRRR is not a great strategy in the current market due to the mortgage rates so it's not as applicable as many think from reading older posts or books about how easy it is.
Levi Perl
Applicant with 1 DUI
22 December 2024 | 4 replies
Applicant shows a DUI class B misdemeanor from 2021 - “driving while intoxicated”.
Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
These costs are added to the basis since the property is not yet placed in service.3.
Chris B.
ESA exemption option for small landlords
7 January 2025 | 4 replies
A) Landlord denies application from tenant with ESA.
Chantelle Lewis
Property manager recommendations - LA County
24 January 2025 | 3 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!