I am new here so take it easy on me..,I currently own my own home and am looking to purchase my first multi family rental unit. I have called around and have been quoted 25% down by all lenders so far...is this standa...
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
I'm going to give a tenant a 30+ day notice to vacate by September 30. Last night, they had a kitchen fire, causing minor damages. I'm wondering if I should have them file an insurance claim, or just keep their depo...
Hi everyone!Just looking for some advice: My personal residence is paid off and worth the equivalent of 4-5 prospective rental properties. I do not have any investment property mortgages (buy and hold rentals) yet and...
I have a potential tenant both are in mid 500 credit score, but they can pay 3 months deposit and 3 months advance. Should I accept this?
Thanks
Tony
I am currently still a W2 employee while building my real estate business out of My question is this, what can I write off on my taxes while I am still a W2 employee and not considered a "Real Estate Profressional"? I...
BP Community,I’m negotiating the “rider” (annex to the contract) to include in the contract, with my attorney. In the lawyer’s draft, the relevant clause required the seller to vacate the property and “broom clean.” I...
Do you allow a potential renter to review lease before viewing or submitting an application?
ISO: I need help. I inherited my grandmother's home 15 years ago. It is uninhabitable as it was in a fire in 2010 and has been sitting ever since. There is no mortgage on it. And I'm not interested in selling or havi...
It's Tax Time! Curious to see what independent property managers or real estate agents are seeing for effective tax rates.
Given it's a service business with little offsetting expenses/deductions, seems like it can ...