John Hua
Section 121 question
17 June 2024 | 5 replies
-If we sell after year 2, do we claim 250k(yr 1) and 125k(yr 2 with half the house rented) for total deduction of 325k gain?
Kevin Kim
Non Wifi Smart Door Lock for Out of State investment property
17 June 2024 | 4 replies
It will be great if I can remotely set up entry key code for open house or new tenenant.
JP Falk
Criticize my idea
17 June 2024 | 2 replies
Houses are designed/built as rental hardened so minimal repair/maintencance for at least 15 years.
Mark Winney
Is it worth replacing drive and garage on rental property with active renter?
17 June 2024 | 2 replies
I don't think it is any risk of collapsing.The driveway is about 80 ft long (garage is at back of property and driveway runs down side of house) and is one of those with grass down the middle with slabs either side.
Guka Kagu
How to find homes to flip?
17 June 2024 | 14 replies
I've found many excellent wholesalers I do business this way.Another approach...just Google "sell my house" in your area and there will be at least 3-4 paid ads, and dozens more unpaid that will pop up.
Neil Warren
who has done turnkey
17 June 2024 | 8 replies
The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.
Angel Lomeli
Selecting out of state market
15 June 2024 | 6 replies
It sounds like if appreciation is the main goal that will open up different markets for you that will require more capital to gain that appreciation.
DaVontaye Jordan
Being evicted for non payment of rent
18 June 2024 | 3 replies
Hello , I need some advice for a friend of mine - so my friend is being serviced with a eviction notice for non payment, the notice is dated for Jan 1st - jun 1st quoting 5,000$ but her rent has been paid by housing and was up to date which she has proof it’s paid.
Rob Harnden II
What do you do if only one applicant's credit score is high enough?
14 June 2024 | 10 replies
I just listed a 3br house for rent.