Michael Sawers
Tax Deductions Exceeding Income
I have been analyzing houses for almost a year now. I understand the basics and really just need to dive in. One thing that has been a little confusing to me are the tax deductions. Off the top of my head, you can ...
Steve Q.
Damages Exceeding Security Deposit - Letter
Hello,Long story short: Tenants didn't pay last month's rent and damaged carpeting with smoking (prohibited in lease) and other stains, left significant junk to be cleaned out and some other damages. Prorating the n...
Steve N.
The Standard Deduction exceeds Itemization
I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.
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Sean Salandy
Contractor Penalty for exceeding timeframe
What recourse (if any) would an investor have over a contractor that did not finish a project in the timeframe agree upon in the written agreement if the agreement did not include a penalty?
Spencer Krautkramer
Can Deductions Exceed Rental Income?
I am wondering what happens if the expenses towards a rental property exceed the amount you get in rental income, what happens that that excess dollar amount? I am currently house hacking (living in one unit of a dupl...
TaRa Mehta
Property damage exceeding security deposit
Hello all,My tenant reported that the garage door wasn't working. This was a perfectly functioning garage door when I handed the property to her. To address this maintenance issue, I sent out a reputed garage door com...
Sam Stout
FHA limit exceeded, need lender help
I just found out the FHA limit in my area in California is only 477k when my lender thought it was 617k. Any body have options for a 5% down mortgage on a 575k purchase price for owner occupied home in Lake Tahoe, Ca...
Lee Haynes
Purchase costs have exceeded rental income
Interesting market these days. Rental prices are not keeping up with the cost of housing in my neck of the woods.
Noah Zelko
Commercial loan that exceeds net worth
Hello,This is my first post on this forum and was looking for advice from fellow investors/developers. A little background on me. I am 20 years old and have been in real estate for about 5 years now. When I started I ...
J Hart
New Construction Exceeding 12month build term
Currently building a new home and due to a variety of pandemic, supply and weather related delays (we’re in the mountains), it’s exceeding the 12-month build window on my construction-to-permanent loan. Original rate ...