This is a townhome in Phoenix. I bought this in conjunction with my stepson.The property is in my name. There is 50K equity in the property - half mine and half his.He would like to buy this property from me. The...
Hoping for some tax guidance on cost basis determination. Many thanks in advance.My wife was listed on her's Mom's house deed as joint tenet with right of survivor-ship. Her Mom passed away in Nov '17 and the house wa...
This is for Charlotte Nc. I have a tenant who has not been able to make full payment since Nov 2019. Tenant always owes a balance. Makes small payments here and there but always has an outstanding balance. What ar...
I had a sewer related repair that the tenant took it upon themselves to get repaired after hours. Tenant paid for the service/parts already and offered to pay half due to it being after hours (me reimbursing the tenan...
Thanks to this forum I found NOLO's Landlord deduction guide and it has been a god send. It's answered pretty much every question I had and the examples are super helpful too. Great recommendation.
Anyways,...
Hi all,I am going to be moving to a larger city next year and want to start on my real estate journey. My plan is to buy a duplex, live in half, and rent the other half. My wife is currently a medical resident and in...
My sister and I have 20 acres in Poolville, TX. The property was bought by my parents in the 80's and put in our names then. I have since had a home built on the 20 acres next to my parents house and have lived ther...
Does anyone have advice after looking at homes it seems impossible?
I own several 2-families and a 4-family which I was able to acquire all through conventional residential mortgages. This will be my first time going the commercial lending route and I'm running into some nuances I'm ...
Hello all!
I'm a new investor in my 20's, getting ready to file my first year of owning a Duplex - renting half and living in the other half. My questions surround how to structure my taxes of course. I've always fil...