Ryan Sauer
First time landlord as of Friday. Tax questions. Any tips?
Hello everyone,I became a landlord for the first time ever on Friday. My property is a 4-plex in Welland, all units 3 bedroom, 1 bathroom and a basement. Each unit is fully rented, so I provided each tenant with a new...
Clay W.
Determining Property Cost versus Land Basis
Would appreciate clarification on best determining my dwelling versus land value for depreciation:- Purchased first duplex - Early April 2018 - $369,000 - California- New Tax Assessment received assumes $143,541...
Emiel Barbosa
Home Inspection Questions
Hello everyone and Happy 4th!!!I am in the process of buying my first property and have an upcoming inspection on Thursday. I was wondering what should I keep an eye out for, or what I should ask about during the proc...
Brandon Heimsoth
Deduction for Tools
I started my first rehab last year and now I'm trying to understand the taxes part of things. I ended up buying a lot of tools during the rehab. I assume that falls under the "Supplies" line under schedule E but the...
Greg B.
First Commercial
My REI experience is with residential properties. I have been in the game for about 5 years and am looking at stepping into commercial. I am looking into a 20+ unit property in my area. We have reached a preliminar...
Adam Schellhammer
Seller Financing costs
Hi All,I have a question regarding seller financing costs. I am attempting to utilize seller financing for the first time to pick up a duplex. The seller is open to the idea but I am unsure of how the process plays ...
Curt Smith
Fake Support dog thwarted using petscreening.com !!!!
Hi Landlords, Search the forums for other petscreening.com treads. I'm not going to cover old info or even what petscreening.com does. I have to share and help you re how to thwart fake claiming of ESA, support an...
Tyler McLeod
Getting Started Financing with No Credit
First of all, I'm 21 years old in Birmingham, AL, about to graduate college, and I have no debt. I also don't have any credit built yet. How can I start? I've heard of people "piggy-backing" off their parents' credit ...
James Erickson
Should I reimburse tenant for this?
A new tenant had a small water leak in her apartment due to a clogged drain. I cleaned up the water, which did not damage her belongings since it was minor. I had to shut the water off to the apartment since, at the t...
Mike Mitchell
The Secret
I have been enjoying Rhonda Byrnes' " The Secret". The book is actually a collection of writings from Wallace Wattles, Bob Proctor, Charles Fillmore (of Unity fame) and many other greats from the human potential move...