I am pretty new to REI and I am closing on my first properties within a month! I would like to be as prepared as possible for that time, so things go super smooth.I constantly hear ppl saying to breakdown everything i...

Coming into the closing scheduled for next week on a single family home and the lender hit us with some repairs required prior to closing, or place money in escrow yesterday based on professional licensed contractor q...

I am trying to understand the best way to figure out the most accurate way of calculating costs of maintenance and capital expenditures.  I am thinking it could be 2% for one and 15% for another by seeing what conditi...

Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...

Hello, Is it normal to have a "contractor's fee" defined in % for a fixed-priced house remodel contract?Additional BackgroundContractor says there is a lot of "unknowns" in the project. When asked what happens if some...

Since tax season is coming up in a couple months, I want to make sure I understand my optimal tax strategy.
I will be claiming the standard deduction (12K) on my personal tax filings. No way I can match this amount w...

Hello,I am interested in buying a rental property to rehab then rent out for my first deal. (BRRRR Strategy) I look relatively young despite being 22 years old and I think it's a bad thing in terms of coming off profe...

Pulled the trigger to stock a STR between Black Friday and Cyber Monday.  It's not a million but I have ALOT of various shipments coming.I have all orders via email.  To ensure I receive all items, what's the best way...

Hi, does anyone have a document of charges i can use as a basic guide to be fair when returning my tenants security deposit?  

Hi everyone! I’m looking for a contractor in St Petersburg to do my next rehab project. Does anyone have any good recommendations ??