Tom Burke
I've got a property with a negative cash flow for 10 years.
I've got a property with a negative cash flow for 10 years. I bought it right before its value dropped. The value never climbed back. It's had a tenant for most of the ten years, however, expenses are more than ren...
Dale Vance
Cash out refi to buy more real estate.... why?
I hear all the time these investors who talk about buying a property, fixing it up and then pulling all the money out to buy another property. What I can't understand, is that if you pull 80% of the equity out to buy...
Freeman Schultz
Questions about insurance claims and tenant liability
I had a discussion with a colleague about a tenant who damaged their apartment. Tenant flooded a unit, which caused damage to the unit below. Insurance is called in. Does inspection and the estimate is higher than the...
William Coet
Suing Previous Tenant. Serious Damage. Cannot Rent Apartment.
Can a tenant be sued SUCCESSFULLY for loss of income if they left behind damage that requires time and money to repair and prevents the apartment from being rented to new tenants?This seems to be no different than if ...
Jim Lowe
Am I doing something wrong when I run the numbers?
Hey guys, I'm very new to this(flipping) and I have some homes around me for sale that I think could be a great first flip, but then when I run the numbers it seems like I'll take a loss. Please help:My question is ab...
AJ Romero
How to help a friend out of an unwanted rental???
I have a friend with a SFH built in 1900 that she and her husband bought 7 years ago for 107K and completely remodeled, landscaped, the works. Her husband recently got a new job 2 -1/2 hours away and due to the n...
Mike S.
What is the necessity of additional insurance coverage for STR?
I am starting my first Airbnb property in Sedona, AZ. I have seen so many posts that recommend different types of insurance coverage such as property, umbrella coverages,.. for STR from different providers like Prope...
Matthew Purvis
Selling foreign investment property
Hello BP,I am looking for advise. I am in the process of listing my investment property in Canada for sale. I will be making a profit on it and I am looking to keep as much of the profit as possible. Of course the pro...
Dee Guzman
Need help discussing tax benefits with LTR
We spoke to our accountant and he related that we will not be able to take advantage of depreciation for my LTR because the combined pensions are over 125k.
How can I “minimize”my income? I only have one LTR.
Armen Ter Avetisyan
Can a second home qualify as a STR that you can bonus depreciate?
I recently found out about the STR rule that allows non-full time real estate professionals to do a cost segregation study and bonus depreciate part of the home’s value and take these losses against their w2. I also f...