Rented 3 Bedroom and 1 Bath - rented for $460 per month. Tenant pays electric.

Rented 1 bedroom 1 bathroom - rented for $350 per month. Tenant pays electric.
Owner pays the water and trash bill.
Large yar...

Hello! We currently have three houses that we are in the process of flipping. I was wondering if I should file the form to make my LLC be taxed as an S-Corp? I see varying answers to this question. My main goal is to ...

So my wife and I have a significant amount of equity in our home.  I am interested in using the equity via a HELOC to purchase my first rental property.  I am curious as to how this process works and am looking for so...

I have 6 rentals in 5 states. Each one is managed. 5 of them collect rent on the first, and pay it back me by the 10th or 15th of the same month. 1 of them collects rent on the first, but holds it until the 10th or 15...

I decided not to renew my tenants lease and gave them a 6 month notice. At the end they moved out and didn’t pay their last months rent, late fee and portion of electric bill. They also left a bunch of construction it...

So I found my first multi-family deal and want to see if you guys think this is a good investment. Purchase price: $197,500FHA 3.5% down: $7,000Mortgage, taxes, Insurance: $1,5352 Bedroom rent: $1,1001 Bedroom which I...

Hello everybody. I understand the concept of controlling properties to build wealth and the benefits that come from finding a deal and using the banks money. Given you had 250,000 liquid why wouldn’t one:1) Purchase a...

I've setup an S Corp for my business and am wondering you can help me identify what tax deductions I should assume at the employer/corporate level? FICA, State Income Tax. Is there anything else that I should account ...

Hello All,If you purchase a home for a rehab sell it and then use those funds to purchase another rehab and continue going. Do you have to pay capital gains taxes on that profit earned or is that considered 1031 excha...

I have a couple tenants in dIfferent propertIes who pay me rent in cash. I’ve had them do work on the properties for free rent without any documentation. Is this a problem? I also pay them to do work on my other renta...