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Hi everyone! As a total newbie, I'm trying to figure out this game and am confused about how much and when do you have to pay income tax on a rental property. If I collect $1000 in gross monthly rent, that's $12,000...
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My tenant moved out a couple of days ago, and when I walked through the unit, I discovered that he had removed the curtain and curtain rod, detached the room air conditioner, and caused significant scratches on the ha...
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Hey everyone!We had to buy a new fridge for our rental property, which cost about $1000. I'm wondering if we should get the Lowe's 3-year protection plan with it. It costs $150 and they deal with maintenance issue. Do...
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Hey folks,I have been thinking about this a little bit lately and felt like it was just a general topic that could be useful in this sub forum.While having an entire office, even at home, when you are just starting ou...
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Hi.On one of my 4 units there is a small fence on the side of it which is unit c and I have the teanent which has been there for 4 years. The fence (storage) is not in the survey nighter in her lease. It is very messe...
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Hi Everyone,Just wondering what your opinions are on the best pick up truck for hauling around furniture to rentals? I’m pretty frugal so I would exploring used vehicles. Thanks in advance.
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Hey BP. Should I make 2bd 1 bath in a quiet town 35 minutes from the big city a MTR with 2 queen bed sets or 1 queen and make the second bedroom an office or even an entertainment/exercise room? Thanks for your answe...
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What kinds of improvements add the best value? We currently have two flips in process, and I want to make sure we don't waste capital on improvements that won't return value. I will give you the general specs for this...
I'm just starting my real estate wholesaling business and curious about knowing what's the best approach when doing estimates on the repairs? Considering its a big deal when negotiating and trying to find a end buyer ...
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Hey guys, my family has owned about 15 acres north west of Austin, Texas for 30 years now. Ive been looking into ways to monetize the property through a passive income method, as I do not have time to be there running...