We replaced a hot water heater that stopped working for our tenant.  The cost of tank and labor amounted to $800.  From the research I did, it's pretty clear it has to be depreciated over 27.5 years as structural impr...

We purchased a rental property and had to invest major amounts into repairs. The cost of the work is expected to exceed the projected rent income for this and may be couple more years, and we were hoping to recover th...

I am turning deals down left and right because of this rule. Is anyone in te same boat??

I am trying to analyze deals these days and came across this 4 square method.According to these numbers even with 1% rule, I am not able to get 200 per door per month.Is this what your guys' numbers look like? Can I c...

I have a building that is commercial and residential. Tenant lives upstairs and operates business out of lower level. He pays utilities and I pay tax, insurance, snow removal. If I wanted to give a longer term le...

What should I expect to pay in closing costs on a duplex-4plex costing around 130-150k, financed 25% down and 75% 30 year fixed? I've seen estimates ranging from 3k to 7k which is a huge range.. I've never closed on a...

Anyone else concerned with the debt crisis?   How are you positioning your self defensively?  How much cash reserves keep on hand. 3 months, 6 months, 12 months?

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Hello,I'm filing taxes for the 1st time with an ADU rental income. When browsing through the questions around the rental property, I came across the expenses vs assets topic.I spent the last quarter of 2020 starting t...

I have a traditional IRA with Merrill for the last 5 years. And I just open a with IRA with TDAmeritrade. Should I transfer my account from Merrill to the New Roth IRA? Or should I keep both IRA's? Need help