I am wondering the type of tax treatment for vacation rentals such air bnb, vrbo etc. Are rooming houses considered the same as vacation rentals? Assuming there considered passive? Please share your experience and adv...
I started a side business this year with my mom as a mainly silent partner. We have tools, truck, trailer, insurance etc for the equipment for the business and are currently finishing up a house flip that we purcha...
There was a problem with rodents getting into the house and the tenants were complaining, so I hired a service to solve the problem. The initial cost and monthly visits were quite expensive, so I said I would do the i...
Hello,
Can a person take 1031 exchange monies and partner with another investor on a like property? If so, how would this look and be set up? Say I have $100k to 1031 and want to buy a property with a partner that al...
Good afternoon BP! I could really use your help here.My name is Ed and I joined as a Pro member this year to push my real estate education into high gear prior to making my first investment purchase. In the meantime...
Here's the situation: I have a very old 5 unit building consisting of 3 floors in the front and 2 floors in a back section that was added on at some point. My issues are concerning the 2nd floor units in both front a...
Good Evening. I live in San Diego CA and i am about to sell my third flip this year.
My First two flips the FTB took a larg percentage from Escrow for cap gains. In reading thorugh some of the other posts its...
Hi there. I have a quite ready & willing capital partner who is a Canadian citizen. Actually a small group of Canadians. If we were to partner in such a way that included them providing capital and our team doing ...
I have a 4plex in Phoenix, AZ that a tenant is complaining of cockroaches. What is the general best practice/policy for dealing with pest control like cockroaches in a shared building like a 4 plex?Does the Landlord p...
I have seen some comments here where landlords put in the leases that the tenants are responsible for pest control. That being said I did come across an article saying in NJ the law states landlords are responsible fo...