This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission. I bought the house so technically didn't pay any agent. I also took a no-point loan but I s...
I have another one I'd like to discuss. This is 5 mobile homes and one building being remodeled as a storage unit. 4 park owned homes and 1 tenant owned home. The POHs are $800 a month and the TOH is $300/month. Gross...
I made some upgrades to my property including adding a couple bathrooms. My scheduled reassessment isn't until 2024.Am I supposed to update the city before then or do I just wait until my scheduled year?
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
What are the best short term rental management companies, and why?
Good afternoon everyone! So in my self-education on notes, of course learning about that the interest portion of payments are taxes as normal income (assuming no self-directed IRA situation). Is there any strategy t...
My question is how do private money lenders earn their money back? Is it just monthly payments from the buyer? Can anyone give examples?
Does anyone have any recommendations for an on-call handyman who can do various maintenance projects around a property e.g., such as painting, moving, repairs, updates for a multiunit residence? Located starting in Ev...
I purchased a SFH for $30k cash in June. I put $20k in repairs into it. I have a tenant moving in August 1st at $895/mo. It's an 800 ft2 2/1. My property taxes for this year are $3000 but are going do...
Hey Guys, I currently have four rentals acquired over the past year. Thinking about stepping up my game. What is the best way to make use of private money, with regards to SFR?
Thinking I could guarantee at 10% annu...