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Fannie Mae will be letting default borrowers rent their home on a 1 year lease back instead of foreclosing. I just posted a cool video on this at my blog below.
How do you see this having an impa...
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Hi All,
I have a question for those of that are tax savvy. If you have a loss from syndication investment ( the entire project went bust) can you use that loss (from the final K-1) to offset your regular W-2 income ?...
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Here is my situation. I've been under contract for a house for 5 months now. Seller agreed to remidate mold. Inspection still found significant mold spores in the air of the bathroom and visible black mold in crawl sp...
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I finally feel like I am ready to get started in real estate, but like everything else in 2020, my timing wasn’t great - due to Covid, the market where I live has been stagnant. However, The CARES act that prevented e...
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I had an accountant prepare my taxes a few years ago and she depreciated some water heaters using a 15 year schedule. I followed suit and did the same thing when I did my taxes last year. Now I'm using TurboTax and it...
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Hello investors, I'm a first-time landlord who lives out of state and seeking advice.During pandemic, I purchased a rental property near Austin for around $380k with 25% down and a low interest 30yr mortgage. Ideally,...
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I have a tenant in a 3-unit building who has been having angry outbursts and scaring our other tenants. We sent him a warning letter (at our lawyer's suggestion) after a bad outburst about a month ago. Ultimately we'd...
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Hi everyone,I plan to rent my house which has been my primary residence for 5 years, and move in with my fiancé .I am a single mother with 15 year old twin daughters. I don't have any savings. Of course, I worry abou...
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After 4 months of yellow letters, climbing the learning curve and finally getting serious about finding deals, I made contact with a motivated seller holding a distressed property. He was an accidental landlord fo...
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If I bring a general contractor on and I don't like the prices that "his" sub contractors charge, can I hire the sub-contractors myself and still have the GC manage the project?