I bid on HUD home and the offer was accepted I am scheduled to have an inspector come out this Thursday but I just received and email that we can’t turn on the water. On the PCR it says plumbing is damaged and sites a...
Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
New to house flipping and just wanted to ask what you guys will spend on kitchen renovations. How much do you guys spend on cabinets, flooring, new islands, etc?
Is a full HVAC system totally depreciable in first year, or have a 7 year lifespan according to new tax plan?
Hey guys, I'm starting to get my feet wet with investing. What do you think of this deal? Am I missing anything? I plan to owner occupy one side to start out, but numbers are assuming its fully rented..$225,0005% down
Hey there, BP,A little about me - My wife and I have been investing in SFRs in SoCal since 2011 and have done okay putting together a small portfolio; However, the market right now in SoCal, or at least in our desired...
Tenant called saying no cold air. A/c is about beyond its life. On my home I've always replaced the whole unit. This time I opted to replace the coil only. A/c is working great now. Question is how long will the other...
Hi,I closed on a SFH in TX as a primary residency. Closed on June 1st, and now I'm seeing some issues with the HVAC unit.On the inspection, the inspector noticed that the cooling air coming out of the vents weren't c...
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Hi everyone!
Newbie here trying to take action! I am currently on the search for a single family to BRRRR. We have a realtor and a property mgt company lined up. However, we are trying to find a house that does not n...