Michael Glaser
Business Trips: Spending Airline Miles or Charging
I'm going to be taking some business trips to Kansas City soon. I'm using my SWA miles and it occurred me the other day I might be "doing it wrong". I have both a personal and business SWA card. If I'm able to write o...
Jonathan H.
First (potential) deal, and finding a trustworthy out-of-state appraiser
Hello guys,
Ive been looking at this property out of state for a couple of weeks now. Numbers may work but it depends on financing.
8 units.
425 each unit low vacancy for the past 5 years.
179K
Factored in taxes, mn...
Neil Whitney
Insurance Requirements on Rentals
I have recently started talking with a CPA about my rental properties and he brought up a point that i had never heard of or considered in the past.
First let me start that I purchase the properties in my name and th...
Joseph Fischer
Vacation/Rental property house hunting expenses deductible?
Hi everyone, happy new year. Fiancé and I are heading up to Vermont for 2 nights to look at some potential investment property. Not sure if we would treat it as a "rental" or a "vacation home" or "business", but we wo...
Account Closed
Bought a home. Found out infested with termites. PLESE HELP
I bought a home around April and got inspections on the home for wood destroying pests.
It is now June and I am fully moved into this property and started noticing a very very small hole with sheet rock flowing out....
Patric Chiasson
Interested in Buying a Duplex 4 hours away
Hi all,
I'm looking to purchase my first property (a rental property at that). I was going to wait 9 more months until the new fiscal year, as I'll have a higher salary, and I'll have more money saved up which would ...
Michael J. Beasley
Out of State Investing - Purchasing Sight Unseen??
Hello, People of BP!I want to know how those of you who are out of state investors do it. Do you actually travel/drive/fly to do a walkthrough on the property before you make an offer? I feel like that lapse in time c...
Kristina Jensen
Tax deduction when using Reward Points for travel
I have out of state properties that I visit 1-2x per year to either have a meeting with the Property Manager or conduct a walk-through if there is no property manager.
If I use reward points for the flight/hotel/re...
Shamar Gregg
Sold my first 4 unit bought for 11K!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $410,000
Sale price: $590,000
Identified with strong potential for appreciation over a short time...
Laura Yazdi
Expensing Moving Costs
Can I expense my moving costs if I am moving across the country to pursue RE investing full-time in another state? Can I write off BOTH the moving truck that I will hire AND my entire cross-country road trip (hotels, ...