Gunnar F.
Any reason not to take depreciation on a rental property?
My current accountant has apparently not been taking depreciation on my rental properties every year. I am a rank novice in this area. Just wondering whether there could be any strategic benefit to not taking the dep...
Walter Hammond
Multi-family Analysis Questions in Cincinnati
I am looking at a4 family in Bondhill (neighborhood of Cincinnati, OH). The neighborhood is NOT very good. Not dangerous, but not desirable. Both building are owned free and clear. There are close restaurants and ...
Will Gaston
Is it ethical and legal to do a "Fixer Upper" lease?
All:I have a 90 year old duplex that is in very bad shape in a great location. Some roof leaks, questionable heat, foundation issues, etc. It's just really old and technically it might be livable, but that's about i...
Eric Zunkley
Los Angeles RSO Evictions in Multi Family
I am interested in buying a 4 unit Multi Family Property in Los Angeles. I would be purchasing this property with a partner. I own no other units and would be occupying the property. I would like to take possession of...
Steve Christensen
Contract For Deed Questions
When doing a Contract for Deed, how do you protect yourself, as well as anyone you place in the home?How do you prevent the Do On Sale clause from being exercised?I see many people promote doing deals in a creative wa...
Armand Sepulveda
Mortage higher than market rents
I'm very interested in renting out my current primary residence and moving to a different city but the mortgage I have on the property is higher than most of the monthly rents for similar properties in this market. An...
Michele G.
Building my team to do my first 1031
I have been reading, researching, & looking at properties for a few months now, but I need to get serious and start building my team to help me through my first 1031. My property is in SoCal, but I live in Michiga...
Rudy Manna
Refinance Hard Money Loan
I am buying a fixer with hard cash loan. HML is giving me 90% of purchase price and rehab cost as well. When I refinance with a bank in few month later will the bank lend me 80% of purchase price or it can be 80% of A...
Pavan Sandhu
Every property in CA should have at least 1 ADU
Every SFR in CA should have at least 1 ADU. I'd even go as far as to say you are losing money every month by not having an ADU on your property. These new laws are only in effect till 2024. What's stopping you from ad...
Michael Swan
Duplexes, Triplexes, and Quads are NOT Multifamily!!
Hi this is Swanny,Please realize that single family, duplexes, triplexes and quads are valued based on Comparative Values or commonly known as Comps. You are at the mercy of comps when you buy, sell, or refinance the...