Tricia O'Brien
Depreciation - paying back after sale of a rental?
I am trying to understand how much depreciation I will have to pay back to the IRS if I sell my single family rental home that has been a rental for 5 years. Is it the full cash amount I depreciated or the amount of d...
Yuvaraj Vimawala
Liens/Abstracts on properties
Hello,I am planning on bidding on a few properties at my county's (Texas) trustee auction this week. I usually do a basic title search on my own and am familiar with junior liens (e.g. HOA lien) that get wiped out as ...
Ahmad Omar
Filing Taxes for Partnerships in Alabama
Quick question for those who are familiar with Alabama tax laws...for an LLC partnership that has done no business in 2017 (it was started last year but no deals were done underneath the LLC) is it still required to f...
Phil Vander Kraats
Tenant to be deployed
I have a tenant who is in the national guard. He notified me that he will be deployed in April, but wants to maintain the apartment. I have not spoken to him - he gave me a note with the rent check - and he has not as...
Dave Rav
Late fees during the pandemic
We are now 3-4 months into the COVID-19 crisis. Thankfully, all our tenants continue to pay rent. A few have been late. One in particular, has been provided an extended grace period at least 3 times during the past...
Joe M.
Vouchers other than Section 8
The first two people to call on the house I have up for rent both had vouchers of some sort. Not section 8 vouchers though, they were from local charity organizations.
I've clearly advertised that this is not a Sect...
Stephen Ceausu
HELOC for investment property
Hello everyone I’m from California and was wondering if any of you have a lender who will do a HELOC on an investment property. Thank you in advance
Carter Bushman
Wholesaling and taxes
Hey all,
I’m working on wholesaling right now and to be honest I don’t know much about taxes. I’ve only had to do my taxes once or twice and only through turbotax and such. Is there a certain percentage of my wholesa...
Bryan Hancock
A Hilarious Animated Take On The Federal Reserve
I thought some of you may enjoy this:
Animated Take On The Federal Reserve
What is sad is that Fed policy is funny now...good times!
Adam F.
Applicant has Federal Tax Leins
I've had my rental listed for about 2 months now, and haven't had anyone fill out an application until this week. I should mention this is the second turnover I've ever had and I've only been a landlord for about 2 ye...