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I am and property owner and property manager for one unit. The entire Kenmore oven, burner, and clock suddenly stopped working while the tenants were cooking. We tested the electrical outlet and it works just fine. We...
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My nephew goes to school in Iowa. He rented an apartment a month ago. He has just found out that the previous tenant committed suicide in the apartment. Should the landlord have disclosed this? Also, does he have any ...
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Hi! I'm hoping I can get some advice on a couple properties I came across while driving for dollars today. There are 2 properties I found that appear distressed & vacant. Both are owned by an LLC out of Califor...
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A few month ago, I was going to buy a move-in ready rental property with the help of my parents lending me $10,000, but 2 different lenders said I could not use gift money due to the government guidelines. (Money can'...
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I am a total beginner...as in 101. Starting to look into MA wholesales. Someone mentioned the public records as a good starting point. I was wondering other than spending a lot of time on google (or paying someone on ...
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This is just out of pure curiosity. What would happen if one decided not to report rental income? Let's say the tenant paid in cash each month. How would the IRS find out?This is purely hypothetical, I'm not suggestin...
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Hi, my name is Cody Derner from Denver, Colorado. I am brand new to BiggerPockets, and have been "dabbling" in Real Estate for about a year now. I have two properties, a rented out duplex, and my primary residence. In...
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Hi BP,I am looking doing some preliminary analysis on a few small multi-families (2 -3 units) and have noticed a number of multi unit homes that are from the 1840s - 1900s that appear to have decent Cash on Cash ROI. ...
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Greetings, BP community. The downtown Atlanta area is up and coming and we we're trying to catch the wave in the neighborhood. The property is close to schools and a new park that's being constructed that will become...
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I just bought my first rental property after 3 years of chickening out (whaoo!!), but now it's tax time.I see on lots of sites (including IRS Publication 527) that you can deduct your initial mortgage fees (originatio...