Hi all,
I’ll be closing on my first property within the first weeI of November, an owner occupied triplex.
Assuming it takes me a month or two to get ready and tenanted, I may get a months worth of rental income.
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Last year I needed to move in with my mother to take care of her. I rented out my condo. I do not have a business set up. My question is how do I prepare to pay taxes on the income I have earned? Do I need to set up a...
I hope I am misunderstanding this regarding new tax law in Calirado... sorry I meant Colorado...."Effective January 1, 2023, single filers are limited to $12,000 and joint filers are limited to $16,000 of deductions. ...
Hello everyone! I have a quick question I’m curious what everyone thinks. With my rentals I set aside 5% for vacancy, $100 for maintenance, and $50 for property management (I self manage, but this is just to cover my...
Is it possible to get a first time home buyers loan and then still use the property for renting?
so I just finished a rehab on a new acquisition and posted my ad to Zillow for 1000/mo which I thought was ambitious. I got blown up with tenant requests and had an agreement in a day. However they were not able to ...
Hello my name is Jeff Deutsch and I live in Colorado. I am excited to become a part of BP. This is really a great website with a lot of information. I am looking forward to learn as much as possible about REI. I have ...
I'd like to sell vacant land in Louisiana that I purchased for cash at a tax auction. I have a buyer that wants to buy in installments (They are a neighbor to the land and don't have enough cash for the full purchase ...
I am a real estate investor (10 years now). I have a property under contract with the seller. I found a buyer who has a realtor working for them. The realtor is requesting that I and the buyer sign her (realtor) stand...
I see numerous threads on umbrella policies here, but I am still not 100% clear. Few questions.1) Does the umbrella policy on my primary residence also cover any rentals I own? I think the answer is it depends on the...