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Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash ...
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Hello, I was curious if it would be beneficial for me to make efforts to qualify as a real estate professional for tax purposes. I am currently a stay at home dad but have the option to return to work at my previous p...
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My wife and I are building out a property management company in Wilmington, NC. I will soon have my Provisional Broker's license, and she will follow soon after. Since I'll need two years of an active broker license b...
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I have a dilemma: I have a duplex and have had two breakins so far. I want to put in a security system but need WIFI for that and any cameras I put in. So I went ahead and ordered spectrum internet with the thought of...
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Recently we've started work on an inner-city house flip. Turns out, this property is a known homeless hangout. We didn't know this at the time of inspection, but since then we have had several run-ins with 2-3 homeles...
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Hello,I plan on buying my first multifamily this summer with an FHA loan. My lender said that I need a min. 650 FICO score and that they "take the middle score". My scores are as follows:Experian FICO Score 2: 586Expe...
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Hello! I am currently looking into getting my first rental property through the technique of house hacking. I am 20 right now and currently live in the Minneapolis area. Just as most young people, I don't have much cr...
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I'm looking for a good landlord thermostat. In the multi-family I own, two furnaces heat four apartments, so there is no way for me to divide the heating bill amongst the tenants. So, my best bet is to make the apartm...
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How do you determine when to use 203K financing vs conventional (fund repairs with your own money/OPM)? Is there a minimum repair amount you consider when choosing? Obvious this would depend on the price of the hom...
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Hello Everyone,I've noticed that the forums for the NYC market are surprisingly sparse, but I'm assuming that's due to the level of difficulty associated with breaking into the market here. I'd like to generate discus...