Greg Seivert
How much in tax deductions should I really take
I'm reading Amanda Han's Book On Tax Strategies, about taking every possible tax deduction. A question the book doesn't seem to answer- If I deduct everything I can doesn't that make the property cashflow less or eve...
David Alyea
Small Claims Court and Serving Complaint
I gave my tenant a 10 day demand for rent letter, which she acknowledged. After a few days, she agreed to move out. By the 15th day, after the demand letter timeframe had passed, I still didn't have the rent in hand...
Kyle Kline
Personal Funds vs. HELOC to Fund a Property
Hello,My question is how to decide which source of funds to use for which part of the investing process. If I have saved roughly $15-20K of my own money and have about $60K in a HELOC, which should I use first? Should...
Brenda Lee
Tax Expense Deduction
We just recently purchased a rental property in Utah from out of state. Prior to renting out the home we will have to fly out there to prep the home for rent. Just wondering if we can count expenses incurred for fly...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Christian D.
Title Searches and Foreclosures
Anyone who has experience purchasing properties at sheriff sales, are you running title on the properties that interest you yourself? Or hiring a title search company to do this on your behalf before attending the auc...
Christopher Brown
Seller terminating a commercial purchase/sale agreement
I executed a PSA to sell a commercial property a week ago (sale price of $3.4m). I'm considering terminating the sale (the property I was going to roll into fell through, among other misgivings about the sale). The ...
Ruben Kanya
Is an HOA a deal breaker for a cash flowing quad?
Would you have any pushback or concerns on a cash flowing quad in an HOA community? Is the HOA a deal breaker for you? Slight concern or major concern? If so why?I was speaking to a partner in my network and they had...
Levi Lais
Our investment property burned down! So many questions...
First, I'll lay out the facts and then I'll follow that with the questions...
The Scenario
1. We purchased a house for $467K as an investment property in January, 2022 (the 3rd in our portfolio and in no way would b...
Nick E.
Closing early January 2016. Tax consequences
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...