Edward B.
Tax writeoff on a charitable donation of property in Virginia
I attended a local REI meetup last night and the guest speaker was an auctioneer with 37 years of experience in RE investing. He was selling a strategy of buying properties on cheap because they were good for nothing ...
Matt Shields
Do You Provide Carbon Monoxide Detectors?
Here in Arizona, we had four members of a family killed by carbon monoxide poisoning from a faulty heater in a cabin near Flagstaff. Do you provide CO detectors for your rentals?Family of 4 found dead in cabin from po...
Frank S.
Renting to Illegal Immigrants
I read this article and at the end, the writer said it is better to rent to an illegal immigrant than not to. I have my thoughts but I was wondering what are your thoughts? I'm in the conservative state of Texas but l...
Luke G.
Large House Split Based on # of People?
So I currently have 65 long term units that I own and I recently purchased my first property that I'll be going the STR route with.Basically, I just bought a large (4300 square feet) cabin on Lake Superior that is ess...
Dee Mandrekar
Tenant left home without giving notice
Our tenants left without giving prior notice and did not pay for last months rent. I have 1 month deposit so it will cover that. There was no Lease termination doc signed or anything. What should be my next step as fa...
Ashley Wolfe
Using 100% Home Depot sub-contractors for a home rehab
Has anyone ever done a full rehab using The Home Depot or Lowe's sub contractors and materials?In my newness to house flipping, I find this method to be more reliable than finding a GC on Craigslist. I don't have an ...
James Carlson
Are STRs as we know them dead in Colorado (and other places)?
A bit of a rant here ... I've been in these forums for seven years and have followed the Airbnb laws in Colorado the entire time. I've always been able to find my STR clients investments that are legal and whose numbe...
Chris C.
Difficulty Selling My Flip
This is my first try and after a stressful rehab, I've been on the market for 68 days. It is priced at $290k, $13k below Zillow estimate. I've had multiple agents go through the house and run CMA's and they are coming...
Account Closed
Disregarded LLC Tax Reporting Issue - How Have You Reported?
Some background before I post - I am a tax guy - started at Ernst & Young in 1993 and have been in the tax business since. My full time day job is to argue with tax auditors.I have a situation that I'm curious ho...
Logan Allec
Roofer says there are 8 existing roofs on a 60-year-old property
...and wants to charge extra for each one. Property is in Southern California just outside the LA city limits--generally mild weather conditions. I find it unbelievable that there could be these many roofs on a buil...