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My wife and I are in the process of filing for an LLC through an attorney before we start our rental business in a few months. I have some questions about how I should structure my bank accounts and which need to be ...
A tenant has given me an official notice after only having 20 days in the rental. She had never complained about anything about the house until the letter arrived at my doorstep. She agreed to leave the premises and d...
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I am thinking about installing solar panels on my duplex. Good investment or no? Please explain why. Your feedback is truly appreciated.
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Hey, so I currently have 2 tenants in a 2 unit duplex (Top/Bottom) and the floor tenant is complaining that the upstairs tenant and her children are making noise... In retaliation, the floor tenant has proceeded to ba...
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I have a house under contract...here is the schematics:
ARV: $99-122k
(source of ARV: www.trulia.com)
Repairs estimate: $15-20K
(needs new roof, new sheetrock for certain parts of the ceiling...trash-out throughou...
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This is our real estate investment firms first renovation from start to finish.
Some of the highlights:
- Converted deteriorated 3-season porch into covered deck
- All new interior doors (closet doors were used wher...
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Newbie question here need some help. Over the last two weeks I have shown my rental to 6 different groups of people and have gotten 3 different applicants. I understand the guidelines to screening like having gross...
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About a year ago I purchased a duplex in North Oakland and have been successfully house hacking it. The upstairs units rent pays the mortgage and a little extra, so I'm really only on the hook for a portion of the tax...
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Hi All, I'm excited to get started in real estate investing. A little about me so you know who you're responding to: I'm a Notre Dame grad, Chicago Public Schools Physics Teacher, originally from New Orleans, La. I'm ...
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We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...