We have just purchased our first buy and hold. We are in process of completing renovations and will put it up for rent soon. I saw that several others recommend Replacement Cost Coverage vs Actual Cash Value Coverage,...

I am new. I have been working with the Property Analysis Worksheet and have a question about depreciation. Depreciation is the amount we can claim as a loss each year against our profit. If the property real...

Hello, I went driving for dollars and ran Across a lot of properties. A few of them the owner has quit claim deeds on them.

Is there anything I can do with these leads? Or just let them go?!

Thanks in Advance

Ok, calling all masses because I AM STUCK!I Have 4 debt-free properties totaling a bit over 600k in equity and 1 prime residence with a bit over 500k in equity, every number I crunch does not help me with Cash flow go...

I am trying to determine the best path forward for how to deal with rental income (yes I'm late!) and major renovations. It is clear to me it is best to expense it in the year it was spent, but unclear what the CRA wi...

Hi folks,

I'm have been going on many appointments and seeing different scenarios(problems) that sellers are faced with in order to sell(solutions).

I have a seller that has a QUIT CLAIM DEED on a property the he ...

First, appreciate all the replies to this topic. The reason I post this here is because I got totally different answers from two CPAs
Here is the story:
I bought the house as investment property and run it as STR fo...

Hello,

We have found ourselves in a terrible situation.  We moved out of our home to do a large renovation and rented a house for us to live in.  When we were supposed to move back into the renovated house we bough...

Has anyone in the NWA area had the unfortunate experience of taking a tenant to small claims (Fayetteville specifically)? Unfortunately, we had tenants terminate their lease early and not pay the last months rent or a...

Looking to buy 2-4plex and live in one unit and then branch off from there. How do I get my first property in My LLC since its going to be my first property? and does living there affects anything? thanks