I looked over all the IRS rules regarding rental income in an owner-occupied house. After looking at everything, this is the plan I've come up with. Any pointers/tips/suggestions would be helpful.3bdrm/2ba house wit...
I am in a process of buying a property to rent it out. I know that the cost of bringing the house to habitable conditions is only deductible when you sell the property. But since you can deduct property maintenance ev...
I'm interested in buying a single family home as a rental property. Projected rental income would be $850/mo gross. Based on the 2% rule, the purchase price shouldn't exceed $42,500. Using the 50% rule, the pric...
Hi all,Looking at doing my first hard money investment and would love to hear some real stories good and bad before I go down this path that aren't tik tok investor fairy tales.Thanks!Caroline
I am somewhat new to flipping. I just finished a rehab and was offered a contract but I am running into the FHA 90 day rule. My realtor told me I couldn't sign a contract within 90 days but I always thought you coul...
Purchased a house in 2019 but the rehab / start-up carried into 2020 before being ready to rent. I understand most of what I've read about capitalizing start-up expenses and the $5000 rule. I read somewhere, can't f...
My parents own a triplex here in Texas worth about 120k, it needs some capex and rent hikes. Conservatively, rent with little improvements and repairs will be 2200$ in this market and higher with upgrades. I am in th...
We replaced the deck on our rental house in 2016, but to make a long story short, we made a number of individual payments for various parts of the deck. We made payments for various materials, labor for different par...
I may have an opportunity to aquire a small self-storage company with about 32 units. I know all the rules of thumb for residential real estate--the 1 or 2% rules for cash flow; the 50% rule for expenses; 5-10% for va...
My rental condo is at a point where I need to replace the water supply lines in the unit. The existing plumbing are the old polybutylene pipes that become brittle over time (30ish years) and are prone to developing l...