Hello - A tenant in a property within my IRA/LLC is going to purchase a garage door opener to replace a failed one. 50 bucks. Can I let that transpire, and reduce that cost from her rent? Seems fine but I want to c...
I don't wear shoes in my own house, so my 27 year old carpet is still in great condition.On the other hand, I can put new carpet in a rental, and within 1 year, it will look 10 years old.How do you decide a carpet is ...
I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon). Is there any creative way to avoid/reduce capital gains tax on the sale ? From what I...
Hi,How would you estimate security deposit deduction if a tenant broke almost all shelves, bins, and drawers in a high end fridge? The fridge was bough approx 5 years ago for ~$2K and unfortunately neither manufacture...
tenant informed he painted the house and wants to pay half the rent (400 not 800). He reminded me that when he moved in last year I said if he paints i will reduce rent, but never said how much. This was to be a disc...
Hi there! Looking for some ideas/solutions for this issue...I rehabbed a property and have it listed to rent out. Vacancy rate in the area is almost 2% and while my SFH has had a lot of interest, it hasn't had any app...
Spousal solo 401k salary deferral deposit deadlines - different than profit share deadline?I am the sole proprietor and my wife is my employee. As the sole proprietor I understand my deadlines for making my contribut...
I am looking to buy a poconos house to AirBnB (and use personally from time to time) and am in need of a hard money lender that works with STR's or AirBnB properties in specific. Any suggestions or tips would be great...
I just read a nice blog by Mike LaCava about flipping houses:
http://www.biggerpockets.com/renewsblog/2013/02/03/flipping-houses-with-no-money/
I found the idea of partnering with a General Contractor very appealing...
Last year I was approached by a gentleman that had purchased a low income 3 family house occupied by a low income disgusting families. Before I took on the building, there was 8 feet of garbage alone in the back yard....