James Sun
Proper way to Correct Sch E Expenses from DST Sponser
My DST sponser made a mistake on the expense amount (off by a factor of 8!) on my Schedule E from 2017 and this year corrected it by adding the missing expense to the 2018 Schedule E. The amount is not trivial and ca...
Alex SImon
Insurance for Buy and Hold?
I'm going through the purchase process for my first two buy and hold rentals in Philly right now, but I have no idea what kind of insurance policies I need to carry. I've been going through the forums but I can't see...
Marcin G.
once your flips sells ..
Once you successfully rehab your property, market and sell, I understand new owners might decide to sue you for some hidden/undisclosed defects, title issues (?) other things …is there some list of things that prev...
Jeff Howard
Income Limits to Mortgage Interest Deduction?
Hello,I have a fairly high AGI and am wondering if there is an income cap for taking the mortgage interest deduction and depreciation on any rental properties I may buy in the future. I hunted around, and I don't bel...
Daniel Loane
Legal risks - Rehab performed through power of attorney and not invoiced to the owner
Hi all,I am trying to buy a property before it's foreclosure auction scheduled in a few weeks. The lawful owner got into business with a crew of non-trustworthy people by assigning them Power Of Attorney. They have mu...
Kevin D.
Charity to Rent Property
Hello all, I showed a SFH that I have to two women from a charity who does work with handicapped and mentally challenged people. The charity provides housing and pays utilities for these people, so that they don't en...
Lucky Oldham
Guidance Needed - Working with builder on a tear down and build up
While doing search for investment property, I guess I went too far and decided to convert my own (current) home into rental and bought an old property which needs to be torn down and built from scratch. It may not be ...
Mark Patel
Deprecation recapture on roofs and other improvements
I have a question on deprecation recapture and the tax consequence. When you depreciate a expense like a roof then sell the property. It seems that the roof expense become a capital gain since you have to add the de...
Carrie A.
Home Warranty Plans, yay or nay??!
What's everyone's opinion on buying home warranty for your rentals??? My real estate agent suggested it. I never really thought about it...... Any input would be great!
Sal Zafar
Which is better Lowes or Home Depot
Hi wanted to ask if there is any preference for major rehab - which one is better Lowes or Home depot. Spending about $10k for small rehab. Or, is there any other place where we can get cost effective materials. Thank...