Mark Forest
Claiming depreciation on idle property
Hello all. This has been a very busy year and I let one of my rental houses sit without tenants for all of 2014 till now. We have been working on it to get it rent ready, but it is not quite done. It was rented for...
Dustin Mellor
Renter's insurance pay for tenant neglect/damage?
I'm working with some sellers who's house was damage by the previous tenants in multiple ways. The tenants ran their vehicle into the exterior wall causing significant damage. They also trashed and neglected the prope...
Christopher Herrera
No permits but work done
I am looking at this house that has no permits. The garage was converted but we will just convert it back. However I think the master bedroom was once two rooms. It is very long and has two widows with different shape...
Saul Trejo
Roof repair expense or improvement??
Hello, I would appreciate your input on the following issue- We have a rental house in AZ in which the roof started leaking at several places. It is not that old of a home (1999) but we are told that the tiles either...
Christian Hanus
PMI Removal Causing Increase in Taxes?
Hello,I've got PMI on my primary residence that I want to get removed due to natural appreciation and home improvements we've made. I've already gotten in touch with my lender to find out how this would be done. They ...
Amber S.
Buy land with 1031, then build?
Greeetings! I could use some advice on my 1031 options. I own and rent out a NYC 1BR co-op currently worth around $400K while living in the city suburbs (in a SFH that I own with my husband). We are planning to reloca...
Ron Brady
Home Undervaluation in Some Neighborhoods - Can we do better?
https://www.redfin.com/news/un... We cannot re-write a better history, but can we do better as a field moving forward?
Victor Zhu
Calculating NOI/Cap Rate with Expense Cut off
Hi Everyone,When you are calculating your NOI, when it comes to the expense portion of the calculation, do you perpetually include Cap Ex., Repair & Maintenance and Vacancy in the calculation for the life of the p...
Minh Lai
Are operating expenses tax-deductible? & Other Tax questions
Hello, I got some caffeine in my system so let me know if you do not follow. 1a) I know that Interest on the mortgage is deductible 1b) I know that property depreciation is tax-deductibleTotal Tax Deductions = (Inter...
Matthew Haban
Need help analyzing deal
Details:
19 unit park - 18 tenant owned trailers and 1 SFR (manufactured home on horse property). Has city water and has septic.
Currently rent is 325/per lot and hasn't been increased in 10 years.
Purchase price...