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I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....
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I found a property that is fully furnished that would be an excellent STR. The seller stated that seller financing is a possibility. The property has been used by the owner as a rental. It's in an HOA that has depl...
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What fees are involved with owning real estate?
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Hello - Is there a application folks can recommend for rental properties? I don't mind spending money on one, but at the same time, trying to avoid throwing down $30 or more a month for some applications I have seen ...
I purchased a new home for use as a new primary residence in January 2016. I moved out of the old primary residence on the 13th and converted it to a rental property by signing tenants 8 days later. I spent these 8 da...
I rented out my original house for 7 years, my tenants have now bailed and I'm done! I am fixing it up to sell asap. I know I will pay capital gains and have to pay on the depreciation. I am trying to find out WHAT ...
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Good evening to all.I am just getting started in my RE investment journey and after long thoughts I have finally decided to invest in Wichita, KS even if I live in San Diego. I have lived there for a couple of years a...
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Good afternoon everyone!
My wife and I are moving to Virginia in three months and will start flipping houses when we get there.
We’re getting an LLC and S-Corp set up now so we can hit the ground running when we ge...
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Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.
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Hi, new Pro member and have a question about the rental property calculator. I'm trying to figure out what needs to be included in closing costs. I see a lot of people use a low % (2-3%) for closing costs but shouldn'...