Mike V.
Schedule E or A?
May seem like a dumb question but I am an out of state investor and purchased 2 investment properties at the end of 2022. Both have not been put into service in 2022 but have underwent repairs in 2022 into 2023.
-Ca...
Stephen Hundley
Past eviction records
what service do you use to find past evictions on tenants? Want to protect myself in case they lie on application. In Louisiana, thanks
Corey Dutton
REOs and Short Sales Over 40% of All Home Sales in 2012
As reported by RealtyTrac, foreclosures (also called REOs) and short sales, accounted for 43% of all home sales in 2012. “Distressed sales are still a disproportionately high portion of the overall housing market,” ...
Huiping S.
Scammer on AirBNB
The dirty scammer is here and tried to send me messages. I believe the scammer used my name and searched me, including AirBNB, BP or any place have to use real name.Last year I got a scammer inquiry and booked for ove...
Account Closed
Do lenders factor none escrow tax and INS into debt to income
So I'm somewhat new to the Investing world and had a question that I haven't been able to find the answer to. I'll give some background info first. I currently have 2 homes. A personal residence and a investment prope...
Jason Kucharski
Is this considered tenant responsibility damage?
I have a studio apartment that the tenant just moved out of. After assessing the state of the property, they failed to tell me that the sink faucet had been obviously leaking which in turn, damaged the counter and cab...
Terry N.
Reporting Rental Income
Dumb question...I'm a newbie, please forgive...If I get 1100 a month in rent but I pay 900 in mortgage payments. Do I report my rental income as 2400 a year? or 13,200?
Ryan Reynebeau
First Inquiry on a Multifamily - Seller is experienced investor
I am looking for my first deal in real estate, and found a post on craigslist in my area that I though had very good potential. It is the first home that I am inquiring about. There was no indication that the seller w...
Christian Bors
Declining a tenant's application
I have a prospective tenant that filled out our application. Originally, her fiancée and her 3 kids were going to move in. I told them our process and standards we require for our rental units. First, they must fil...
Stephanie Brown
As LP in multifamily: depreciation write off preferred returns?
Most general partners say that the losses you can show after a cost seg study with multifamily will write all all of your income that you received via preferred returns while that property is being held and paying the...