Chad Price
Best way to purchase furnishings for vacation rental
Any suggestions on which method is a better way to furnish a rental property? I am debating whether to use a dedicated business account that is funded to ensure proper tax records vs using a personal credit card so I...
Jeanie Crisp
Rental Credit for nonworking appliance
I have a rental house in Dallas, TX. The house is currently occupied. Recently, there was some extensive water damage that came from a busted dishwasher. I've had the restoration company out, filed an insurance claim ...
Jason L.
Partnership with my city
My name is Jason and I'm in the beginning stages of partnering with the City of Amarillo, TX to construct multifamily homes for low to moderate income families. Partnering with the City using my VA Loan and HUD funds,...
Steve S.
Tenant fixed leaky water heater hose - compensate?
They called me at 6am but I didn’t get it until hours later. They Went to Home Depot and spent $15 fixing the hose. I told them to take it off their rent. They said don’t worry about it. Plus their their time and mile...
Account Closed
How Should I Depreciate a Sewer Line on my Taxes?
I had a sewer line collapse in my duplex last fall - the old clay pipe collapsed, causing black water leakage into my basement and I called in Roto Rooter for an emergency containment and restoration since I had tenan...
Joe Wood
Section 179 on passenger vehicle
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Luis A.
Can I structure a deal out of this situation?
I got a call from a homeowner that received one of the notes I leave in the mailbox of ugly houses in my target area.
The owner is exploring the possibility of selling but from the call I could not sense any urgency...
Lorraine Hadden
Should The Seller Reimburse Buyer For The Inspection Costs - Fixer Not Move-in Ready!
My business partner and I made an offer on an out-of-state (OOS) single family property in October 2024. The lender required that the property be tenant occupied/cash flowing. We (the buyers) notified our agent that t...
Jose Furman
Seller cant provide clear title
I was set to close on a property next week. It turns out the property was purchased by a couple years ago who are now divorced. The seller is the wife who cannot get her ex-husband in to sign off on the deed. I have p...
Wade G
Selling a property/rent collected
When selling a rental property, is it usual/customary to reimburse the buyer the portion of the rent for the rest of the month after closing? For instance, if closing were held today, 2/16, would I need to reimburse b...