I called my conventional lender (PNC Mortgage) who holds paper on my primary residence to see if they give me any incentive to refinance with them. I asked to pay no more than $500 closing costs and have the market ra...
I am looking to buy my second duplex in Cleveland. Taxes in the "Heights" cities are high. Is it too rare to have taxes reduced? What I mean is that some properties that are listed around $100,000 have taxes as high a...
I own a 3 family and currently living in one unit. I was thinking what if I got solar panels installed and put them on the landlord meter and just profit off the sun? Has anyone done something like this before? It wou...
I bought my first house (owner occupied 3 family) last year and starting to wonder if I should refinance it since I bought it using an FHA loan with 3 percent down-payment. Per Zillow it is estimated to be worth an ad...
When house is sold, does IRS tax BOTH reclaimed depreciation and capital gains? We have a small house in FL that we built in 1978 and rented out ever since. It is fully depreciated, and is in very rough shape. We've b...
I have a question regarding Canadian rental property for US taxes. As you know the foreign rental property is subject to a 40-year linear depreciation in US. Taking depreciation allows me to reduce my taxable rental i...
I'm curious about this. As someone pointed out, the req. here is often that you make 80x more than the monthly payments would be. I only make 50k before taxes and I'm single. I would like to "house hack," and rent ro...
I am looking at a duplex and one of the units has a tenant who isn't paying. The current owners aren't doing anything about it. They are just letting him stay there.Does anyone have experience with this situation an...
I'm buying my first bankruptcy/foreclosure in Portland OR PDX and it has a # of liens on it. Specifically, an $89K fire department lien. Has anyone had any success getting liens reduced or removed? The bankruptcy tr...
Hello - I'm six months into my first investment property, a 4-plex in Midcoast Maine, and thought I'd share the numbers based on the experience so far. There's so much talk about how high prices have gone and how har...