Spencer Gordon
ex girlfriend won't remove belongs.. what now?
Hi everyone! I'm going to be as to he point as possible so you don't have to read my sob story. .I live in Minnesota. I rent a property from a friend of mine. There has only been a verbal rental agreement between the ...
Travis D.
Problem with Purchase Agreement that was Assigned
So I'm interested to get some feedback and guidance on an delicate issue I have right now. I put a property under contract and it so happened to be one that was vacant for 3 yrs and the sellers were still moving pers...
Thuy Pham-Satrappe
Buying a house with a recently evicted client
I recently found out that a property for which I am under contract has a recently evicted tenant. They left a lot of stuff around the house and in the tool shed and have been sent the Abandoned property and right to r...
Diane Perry
Where does cash RE purchase go on a P&L?
I am putting together a P&L for an application for finance reasons. I work for myself, and for that reason and also as a landlord in addition to federal tax returns I am required to file a P&L statement. They ...
Peter Mikhjian
Rental Property Sale + 6 Figure Capital Gain = Huge Tax Liability
I've got a good/bad tax problem and I'm looking for some advice:My wife and I bought a rental property in 2015 for $275k (no LLC, purchased directly in our name, so technically a partnership). We put about $25k into ...
Robert Jordan
Mortgage Interest Deduction
Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...
Diego StPhillip
Can I take items from rental property that I own?
I own a rental property. Over time, I have purchased various items for the rental property and taken tax deductions when I did so. For example, I purchased a lawn mower for the rental that tenants cut with. I have pur...
Brian Karlow
Tenants illegal storage
In August we closed on an 8 unit property and inherited the tenant base. Most of these tenants would have never passed our screening process and we intended to proceed with non-renewals as leases expired. C property i...
Rich Weese
I have $704 to give away. Any suggestions?
I just received my FIRST social security check! Only $704 because I didn't pay enuff taxes over the 42 years of filing returns.
Anyway, I took the retirement early and this is what I receive each month. Wifey and I d...
Jay Smith
Purchased a foreclosed property auction - owner deceased
Hello Friends,I am new to this forum and somewhat new to purchasing foreclosed properties (2 years). I recently purchased a property at a courthouse foreclosure auction in Maryland. The property is vacant but I foun...