Margaret Feit
Changing Depreciation Period from 27.5 to 39
I have a couple of short term rentals, definitely under 7 days average rental period. When I bought them several years ago, I started off depreciating them over 27.5 years, but after reading much conflicting informati...
Bryce Y.
Tenant applicants are getting smarter
So I had someone apply the other day, middle aged couple with 3 kids. Seemed very nice and professional. I am running their background and everything looks good so far. Employment is solid, previous landlord ch...
Karma Senge
David Lindahl Question
My question is about David's Big Profit Finder. Is it worth the price ($9/month or $99/year)? Is it just a basic real estate calculator?
Thanks
Andrew Stoll
Does a QUIT CLAIM buy you a couple years?
As I'm doing a title search, I come across a (Illinois) property where there have been 3 LPs in the last six years, or so. It seems that every time an LP is recorded, the person who holds interest, quit claims to s...
Jennifer Lund
K-1 not sent out until fall for prior year?
I found a syndication that I feel comfortable with. Prior to investing, I asked about the K-1 planned delivery. The response surprised me: "In the fall, we tell our investors to file an extension". Have any of you enc...
Chris Seveney
What The Gurus Do Not Teach You In Note Investing - Part 2
Coming back for an encore, as I have stories, I have lots of stories - how is that the case? Because unlike other gurus out there, I am ACTUALLY buying loans. OMG can you imagine, I do not need to make up stories or b...
Bethany Peysen
Storing Bank/Debit Info Multiple Accounts Safely
Looking for advice based on personal experience for this situation:
I have a series llc. For each of my properties I have a separate bank account, checks, and a debit card. I started out keeping all of this informati...
Vibhu Arya
To add property manager in your insurance or not?
I have seen mixed responses here. My PM has his own company. Shall I add his company as an additional insured or not? What are the pros or cons to me as an investor? thanks,
Jared Lichtin
Credit Block & Repair
I am a real estate attorney, and recently I started using a small company to do credit 'block & repair' to delete items off my clients credit reports, and block property developers from hitting their credit. It’s ...
Dina Harleth
Can I stay at a property while rehabbing it and deduct repairs?
I'm living in a house that I want to convert to a rental. If I need to come back to make repairs such as new flooring, is it ok to stay a few nights on the property itself while choosing flooring, overseeing minor re...