I just replaced a refrigerator in my rental last year. The cost of the fridge was more than the $2500 ( $2499 + tax + shipping). Assuming that it is the only expense I have for my rental, can I expense the cost of t...
I understand that the De Minimis Safe Harbor is for real properties that are less then $2500 each and Safe Harbor for small taxpayers is for improvements that are no more than 2% of the cost basic or $10K whichever is...
I currently have an investment property I'm considering selling. I purchased for 250k several years ago and have received unsolicited offers of up to 400k. I am considering selling to lock in my gain and using a 1031 ...
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...
What approx level of expenses I may pay for all efforts during due diligence period if I have to delegate it all to professional contractors?4-6 units, for simplicity.How to minimize it❓Can you share your best practic...
I plan to buy, 51% own, remodel, rent homes and offer a minority ___% interest to hard money lenders secured by the following: 1) their holding a first mortgage and 2) quarterly loan ___% interest payments and 3) __...
Washington, DC. I've been a landlord for 20 years renting rooms in a few group houses and some small studios. The market for rooms in a group house $700-$900 range and a studio $1,400 is very strong. I even get unsoli...
How do you avoid being accused discrimination when screening and turning down applicants for your rental? What are the best practices and methods to protect yourself as a landlord? Specifically in upstate New York.
I know many of you may think how can you do that ,well fortunately we happen to be in an extremely relaxed lending environment ,ive been in this business for 30 years and this is only the 2nd time i;ve seen real esta...
I have a wealthy client that would consider selling me a building in the East Bay Area. Currently it’s in a trust that will go to a family member for a life estate. Once that family member passes it will go to charity...