I own a home that has turned into an immediate problem child. There has been multiple break-in's at the property, some of which have been burglaries and some have been squatters. The individuals that broke in did the ...
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I have read several threads on this, but I am a newbie and still a bit confused.We are married filing jointly with an income close to 150k last year. We own one rental property. No actual profit last year. Our monthly...
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Hi everyone,I have a few questions around material participation for an STR:1) Activities that count: does anyone have a list of things we know for sure count (eg based on court cases?) Do home improvement activities ...
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So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. This will be for my excellent service as a lan...
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Hi there. I'm trying to raise funds from my family and I am being asked to produce pro-forma scenarios at 2, 5, and 10 years which should include IRR and ROI.
Given that the seller is financing the deal for the 2 ye...
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I'm a new investor and for the last 3 years I've had a revolving door with tenants paying their rent. My new situation involves a single mother of 2. She has been late two months in a row. Recently I reminded her a...
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Ok so I was having this debate with a local landlord and I’d like to hear your opinion…. You charge $25 for your application fee. You show the house to a nice couple and they want to apply but they don’t speak, read o...
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Are you prepared to do what it takes to SURVIVE this business?Are you REALLY prepared to make those tough calls?Can you push emotion to the side for the betterment of your business?Are you willing to do EVERYTHING in ...
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I wish this forum has a search function as I'm pretty sure this topic has been discussed in the past and there are probably plenty of opinions on the matter. Anyways, here we go:
I have two tenants that are up for re...