Frank Mancuso
Good Numbers? Not So Good Neighborhood?
I've been looking for a multi-family unit to add to my portfolio and my property manager called me with a deal that fell through and the current owner wants to unload it. Details:5 units - Large home that was convert...
Maria Martinez
Missing Things from house I rented
Hello, I bought a house in Fl in 2009. Since I live in Venezuela and do not come to the USA very often I decided to rent the house and use a Realtor to manage the house as I couldn't do much from overseas. The house w...
Stephanie Medina
How much will furnishing play into revenue?
I found a pretty stellar deal in Texas hill country, a few months earlier than I was prepared for (doesn't seem like most deals have particularly convenient timing!) I can fund the deal, but it will be a real push w...
Nelson Del Castillo
Buying a banked owned property with a lien
Hello my fellow investors.. I have an interesting situation with a bank owned property! I was suppose to close on November 1st, 2019, after learning that there was a $9,000 dollar lien on the property the closing was...
Chelsy C
How can I make sure the title has no cloud or having a clear title after closing a short sale on a property in California?
I am buying a property,by looking at the prelim report, it has a trust showing both mother's name "A" ( pass away) and daughter "B" is selling the property short sale to me. on the #2. of the title report, it says ...
Chris Penny
Deduction and Depreciation of AirBnB rental
So I am about to put the master bedroom (with bath) in my home (of 3 beds 2 baths) to Airbnb and I am confused about all the tax-related stuffs. Let's say my home is 1500sqf on a land of 6000sqf, and the whole master ...
Michael King
New rental property - claim blinds & fans on tax?
Hi there BP, newbie here with my first post. A little about myself: my wife and I fell into being landlords. In 2016 we moved interstate from TX to MO. My wife was not with me when I bought a 1600sf new build house, a...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Kyle Jensen
How would you handle clean out of fully furnished house?
We have a house under contract and I’m looking for advice...The woman who lived in this house has passed away and the house still has all of her stuff in it. Her son lives in another state, so he is going to fly in an...
Adam Moehn
Phantom Repairs when doing Rental Deal Analysis
I'm curious to hear how other people account for phantom repairs when looking at a deal to purchasing a rental property. By this I mean the depreciated value of having an older roof, furnace, etc. in a house you are l...