Seth Crowder
How Do I Avoid the "2 year" Rule ?
I bought my primary residence about a year ago with the plan to rent it out and buy a new primary home, however, I'm now learning that I am required to count the mortgage payment on my existing home against my income ...
Andrey Y.
House cleaning bookeeping
Hello all,Is it necessary to obtain receipts for house cleaning of rentals ($60-$100), or is it sufficient to just make note of the dates it occurred? In my experience most of the cleaning folks/services do not give r...
April Eilers
If septic is undersized is upgrade required prior to sale?
We are purchasing a flip property in Cape May, NJ and the septic system may be undersized given the addition of a guest house to the property. Does the septic system have to be updated prior to sale to qualify for con...
Joe Dijamco
Document Storage Fees and more
I'm about to list my property in Las Vegas and interviewing multiple agents. I've noticed the fees below listed on one of the agents' Net Sheet, and would like some input whether these fees are considered standard for...
Mike Gardner
Renting a Business Location my Rights
What Rights do I have renting a Business location. We are at the end of the Lease only we have the right to extend, the landlord is not honoring, can he simply lock up the doors, or does he have to run this through c...
Dan Cournoyer
Has Anyone Experienced A Subject To?
Hi everyone,
Working on my second rental, currently have an accepted offer. I’m planning on purchasing the condo with my name on the mortgage and title then transferring title to an LLC that I own. I understand the g...
Paul C.
Room for Interpretation in Tax Laws ?
I've been doing a lot of research on rental property tax accounting the past few days and am amazed (frustrated) at how many different answers I'm finding. For example:
1. Pre-rental expenses. On the one ha...
Dan DiCairano
Self Directed Roth IRA
I am looking to rollover my traditional 401k & Roth 401k into a self directed Roth IRA. I was wondering what the best company to work with as a custodian would be. I also was curious how long the process takes fro...
Nathan Platter
Canadian using RRSP (401K/IRA) money to JV an American houseflip?
People InvolvedThe friend (Alfonso) is a born-and-raised Canadian citizen and resides there 100% of the year. I'm an American (Minneapolis, Minnesota MN)The Intended DealAlfonso and I want to JV (Joint venture) a hous...
Ed Wharton
Should you own the MHP mobiles?
I am looking at a MHP with 20 mobile homes not owned by the renters, we would own them. They are 35-38 years old and are not in the best shape. As for the water/sewer it is in good shape. I have put it on paper and it...