My partner and I are interested in entering into a partnership finding below market real estate, improve, and then rent out or flip for a profit. Assuming that we each split the up front cash needed 50/50, my partner...
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
Hi everyone. I recently acquired a duplex. On one side, one of the tenants that has been there for many years has slowly filled up his living room, one of the bedrooms, the basement and the ENTIRE garage with stuff. I...
Is this too much? All units need replacement units (all inclusive down to the coils and wires). The quote was the following exactly :
Estimate to install new Surecomfort 10kw, electric air handler with
1.5 ton matc...
Hey guys! I own a small design/build furniture company located in Seattle, and I have been thinking about using my furniture, and my design sense, to start staging homes. Several of my RE agent/broker friends have as...
To make a long story short, a tenant of ours for over 3 years decided about three months ago that they no longer wanted to pay rent. After 3 months of no rent being payed and being ignored for over a month, we stopped...
An AWESOME project just finished in Columbus, OH. This is exactly the type of public/private partnership our team is working to build across the country. The efforts that projects of this nature take are massive but t...
I looked through a few of the previous forums on rat control and found a few interesting stories, but nothing regarding professional costs for the treatments. One of my tenants reported a rat under her sink, we had a...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
I have bought and am renovating a 3 unit building. I'm now going over my options to get my money out of this building. My choice are rent and hold, sell a single unit, or convert the units to condos and sell them in...