I really need some help understanding the bonus depreciation tax laws. I have an STR that was placed into service in 2022. Being a unwise, junior investor, I just claimed straight line depreciation for 2022 and 2023...
Hello all,I am doing a rehab and I have a sister and a friend I want to hire to help. They will make over $600, but this is more of an "under the table" cash deal. Can I claim $595 (avoiding 1099 minimum) and not clai...
Most important types of insurance for landlords? 🤔
Hi Fellow Note Investors,I have a note on a house where a wall caved in and I filed an insurance claim (in process). However, we are at the end of the foreclosure and the house is going to sheriff's sale very soon. ...
Hi all,
I've been learning alot about investment properties over the past year or two. I'm currently waiting for a seller to sign my offer on a duplex. I'll be purchasing in cash and then refinancing out ASAP. I pla...
Hi everyone, I’m asking here to see if I can get some insights and peace of mind for my upcoming four-point inspection for insurance since my current carrier won’t renew after May of this year.
I own a rental SFH in ...
I have a rental guarantee in place with the Seller of a property I bought (guarantees my first 12 months rent, regardless of the property's tenant status) in Indianapolis. The company has undergone sweeping changes i...
I have a potential seller that has an open insurance claim due to a house fire. He's ready to move on to live with family elsewhere. Any experience or advice about getting the insurance claim assigned to me? My though...
I tried to get an umbrella policy added to my home owners insurance and was denied due to a recent claim. What other insurance options do I have to protect myself from liability? Can I get an independent umbrella poli...
I have an off market deal that is reasonably undervalued, and with great opportunity to add value (register as legal triplex, update units, etc).However, I just found out that the latest updates were completed in 2003...