James W.
Is rental income taxed the same as regular income?
I am a new landlord renting out my first rental property. Does the IRS consider rental income as regular income and tax accordingly (30%)? Are there any special tax breaks or deductions?
William L.
Fees and charges that are illegal
Hello,I am just getting started in real estate and just recently bought our first investment property and was reviewing landlord tenant law in Massachusetts.I read that "Under MGL 186 § 15B, a landlord is only allowed...
Danilo Ojeda
Finding local contractors
A rental property was purchased in October 2018 and I've had my uncle for every kind of house repair from electrical to framing rooms. I would like to find contractors for every kind of use. From repairing appliances ...
Johnny Dee
LF good property manager in Huntsville (have a money pit house)
Hi,I bought a rental in Huntsville in April that's been a disaster. I first had a big prop mgmt company and they were a total failure. Since then I've hired a decent prop mgr but he's very hard to reach. I've been try...
Nicky Jones
I need advice about what I should do with my first property
I have a small 3bd house in southern Illinois and I am not sure how what to do with it now that I have to move. I'm going to be moving about 12 hours away, so it won't be that easy for me to come back to the property ...
Mike Lindsey
Flipping minimal repair houses: Contract vs. Do It Yourself?
My question is based on the scenario that you are taking out a mortgage to buy the property so as to leverage your money. When flipping houses in short time periods do you believe it is better to contract the service...
Jack B.
Neighboring house at rental running an auto repair/dealership
House got sold a couple years ago and now it looks like 20 people moved in and are running an auto dealership and repair shop from the back yard. There are dealer plates on some of the cars and about 20 cars in the ba...
Nicky Granados
buying house cash and using HELOC to do repairs
greetings everyone, i'm new here and needing some advice. so im thinking about buying another house. the plan i have in my head is to buy a fixer upper with cash (to try to get lowest possible purchase price) and to g...
Shiloh Lundahl
60k House, 15k in Repairs, $1750 in Monthly Rent
Yesterday we just signed a 1-year lease with a tenant for $1750 a month. We purchased the property 3 months ago. We found it on Zillow listed for 50k. The property is 3.5 acres, has a well, a septic tank, and a 1440 s...
Jonathan Balascsak
House-Hacking taxes for repairs & upgrades (occupied side)
Hey Y'all!Situation: owner occcupied house hacked duplex we live on 1 side a tenant on the other. As I wait for my consult date with a CPA, I am getting my Stessa in order. A lot of repairs and upgrades were done to ...