Marcin G.
Tax Time
26 January 2013 | 6 replies
(line 6 of schedule E) or the 1388 needs to be spread equally across all your properties ?
Daniel H.
Where to find more information
25 January 2013 | 2 replies
Sometimes they have an e-mail address, attorney contact that filed for them, or a phone number.You can also go talk to the neighbors next to the house on each side and maybe they see them come by time to time at a certain time of the day.
Raquel Baranow
"Flip this House," Reality TV Show Coming to Tucson: Interesting Article
26 January 2013 | 0 replies
House flipping is back, and the Tucson market is being touted as prime for the practice.The stabilization of home prices last year piqued the interest of A&E TV's "Flip This House" producers, who will be in Tucson next week to recruit flippers.Than Merrill, the show's star and co-founder of real estate investment company Fortune Builders, said Tucson is one of several markets with "potential for a big comeback.""
Charlie Madison
Hello from Nashville, TN
11 February 2013 | 11 replies
Charlie,One book that really changed my life and the way I look at my business is the E -myth.
Brian Beadle
Pics of my latest completed rehab in Saginaw, MI. Let me know what you think!
19 September 2013 | 41 replies
Seth, the lens is a Olympus E-3 with a 7-14 lens
Account Closed
Insurance payout on repairs count as rental income?
29 January 2013 | 6 replies
To keep it simple, I just took a $1000 repair expense on Schedule E (since that was my out of pocket cost) and ignored the portion of the actual cost to restore my property that was reimbursed by the insurance company.
S. Perry
Questions concerning the use of a PM
29 January 2013 | 8 replies
Ask if they will e-mail a copy of their management agreement so you'll have plenty of time to read it all thoroughly before you meet.
Russ McKelvey
1st Investment MFH - Help with research- Deal Analysis
28 January 2013 | 1 reply
All units were 6 months and now month to month.Here are the numbers I came up with have not yet recieved Schedule E or Rent Roll:Potential Income : 26,400 - (8% vacancy 2112) = 24288 (using current rents)Expenses: Tax 1309 (verified at asessor), Insurance 1819 (today's quote), Water 2880, Trash 1200, Lawn and Grounds 500, Repairs/Maintenance (assumed 10%) TOTAL: 9148NOI: 15140If I use VA the loan will cost me 1% for VA funding fee, and about 3K to close so I will assume 10 K to be safe.If he will take 220000 for it, loan will cost me 12,449/year leaving 2,691 in cash flow.CoC Yield: 2691/8000 =34% CAP Rate: 7%What else do I need to consider?
Joseph S.
Is it likely to get tax returns from sellers of a 3/4plex?
28 January 2013 | 7 replies
,You would not provide the Schedule E only with personal and other property information redacted?