Hello everyone,
I'm starting out in rental property investement. There are 3 questions that popped into my mind and I'm sure some of you can help me to find an answer ! :-)
- When buying a property with the goal of ...
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Hello,I'm hoping a CPA/Accountant might be able to point me to the right direction on this issue related to journal entries. I'm stuck with how to classified the renovation that I did for the property in my book. Here...
Hi all: I own 2 rental properties one has no mortgage balance. I plan to take a new 200-K 1st mortgage on the fully paid rental property to renovate that subject property AND also renovate / repair another rental pr...
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My CPA is advising that I should not claim all of my expenses using the "STR Loophole" in order to avoid an audit. I renovated a STR and ended up spending an amount equal to my annual gross income. This was because th...
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I have a rental property that I'm trying to spruce up with a new facelift. The current patio and walkways around the house are all concrete, but look a little rough and are all mismatched, so I'd like to replace them....
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Hello all!
Looking for some tips/suggestions on some kitchen renovations that I will be doing in the near future on my buy & hold property. The cabinets are 15+ years old and are just a mess. Was thinking of gett...
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Hope all here are doing ok and stay safe!I am looking at an 8 unit property, 10,000sqft, that is vacant for 12 years. property is in Cleveland, was vandalized and will need everything done - plumbing, roof, electrica...
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Well just as the post indicates, this investor was taken advantage of. Also, I have posted many times, do not do business without a trusted team. So yesterday I spoke with an investor that purchased a so called 100% ...
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My friend recently procured a house in Spokane, Wa for a great deal. Her intent is to spend roughly 30k in renovations then sell the property for a surplus. Having wrapped up most of her capital in purchasing the prop...
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Hi everyone,I'm looking to flip my next property to get some more cash. I've been snooping around MLS and direct mailing for a bit. I usually stay away from condos and HOAs but recently I took a look and it seems like...