Vishalkumar Soni
Feedback on next steps for rental property in Memphis
Hi, I purchased a rent to build property in July 2023 in Memphis, Tennessee. Property management is advertising its since last 3 months and still unable to rent it out. How long does it takes to get property rented ...
Josh Smith
Schedule E (Passive losses) -> 1040 (personal income)?
Hi
I recently had my 2022 taxes prepared (not yet filed) from a firm and I noticed that they took line 26 of Schedule E “Total rental real estate and royalty income or (loss)”, which is say -$5,000 (notice the minus/...
Jeff And Vishi
A/C unit old, home warranty claim denied, do we have a case?
Hi All, i hope i am posting this at right place, please advise if this should be posted else where, if so where? My partner and I are small investors in 2 properties in Phoenix, AZ. We have home warranties on both. Ou...
Ethan Ross
Seasonal rentals - Catskills NY
Anyone have experience with seasonal rentals in the Catskills region? Considering buying a small house to rent out for fishing destinations. Can you be profitable with these types of properties when only renting for a...
Account Closed
Evanston Basement Garden Unit Conversions(the legal way)
Hey y'all. With this stay at home order I had time to compile all of my pictures from my recently finished garden unit. I had to dig down to meet ceiling height (among dozens of other things). Check it out. I was able...
Chris Campbell
The Advantages of Homeownership in Arizona's Own Mountain Town, Flagstaff
Hi there!! Greetings from Flagstaff, AZ. It's a lovely day fresh off a snowstorm from the last few days. The Mountain looks gorgeous and I'm sure the recreational activities up there are incredible. It's this type of ...
Aidan Wong
Cost segregation tax write off when STR is not generating positive cash flow yet
Hello, I have a short term rental which has not generated positive cash flow yet and I have been managing it actively more than 100 hours this year and qualify as an active participant. I am not a licensed real estate...
Tracy Cheon
What do you do to negotiate better?
Hello everyone! I am flipping my first property and negotiating with a few vendors to get better pricing (cabinets and countertops etc.) How do others go about negotiation? Do you negotiate at all when it comes to cho...
Paul D.
1031 exchange just profits or all proceeds
I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...
Changseok Kim
Homeless people in next door neighbour's backyard
Hi BP members, I have an issue with my rental property, and wish to ask for your guidance. I have a rental property and currently occupied with renters. Recently, the new neighbour next door let homeless people (his f...