Farnaz Z.
How to screen a tenant without a social security number?
13 January 2025 | 4 replies
Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law.
Melanie Baldridge
Did you know this about Gas Stations?
14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
Depending on the value at the time of death and your basis you may need to file a gift tax return.I would speak with a CA attorney to determine the best type of deed to file and a tax professional to gather more information.
Hudson Filippi
Using FHA Construction to House Hack?
17 January 2025 | 7 replies
It will likely depend on where you are looking.
Desiree Board
Advice for a new long term rental investor
15 January 2025 | 24 replies
If its single family I wouldnt bother with a manager but 2 or 3+ tenants in same building I would consider it depending on how hands off you want to be on the tenant issues and how handy you are
Jules Aton
Back in the day...
13 January 2025 | 16 replies
I also remember a time when we could claim a dependent on our tax returns even if the dependent didn't have a SSN.
Rachelle Bertumen
Newbie to AirBNB
8 January 2025 | 7 replies
But, there are still deals that can make sense depending on your budget.
Kyle Carter
New company in area
9 January 2025 | 4 replies
Depending on the salaries of the new jobs they may also price out the local residents on new home sales which would further drive up the price.
Edward Segaar
Private equity lending
16 January 2025 | 1 reply
Or, depending on the property you could go non-QM with like a DSCR loan and close in an LLC or partnership.
Jesse Yoder
What Insurance to use for BRRRR
16 January 2025 | 4 replies
If the property does not require an extensive rehab and just needs cosmetic repairs then a standard landlord dwelling policy in most cases depending on the carrier.