Erik R.
Potential First Deal- Wholesale- Please review my approach
Hello All-Long time lurker here; I've been reading and soaking up as much as possible the past 2 years, and have recently come across my first potential deal.Background- I have been discussing strategies and seeking ...
Jordan S.
Bought 4-plex. What is the best way to transfer leases and deposits
I am about to close on a 4plex in Washington state. I am looking for advice as it relates to the tenant leases and security deposits. I understand the prorated rents go on the HUD and are settled at closing. I...
Edita D.
Educational books, office supplies, a printer - can I deduct these?
Hey guys! I have 2 questions:
1. Are you aware if I can deduct the following expenses:
-4 educational books (legal tax guide, how to successfully manage your properties, etc)
-office supplies: files, folders, paper c...
Charlie McVan
two properties, going to add more, LLC, deductions and more!
Here is our current situation. My wife and I purchased a property in 2016 with two houses on one lot. We have recently finished renovating the house we do not live in. And will begin to rent it in the next month. Curr...
Alon A.
Purchase house that already remodeled
Hey guys I have a question that I have and I can’t figure it out I saw house on market that I can get it in 315K it’s fully remodeled , everything is new flooring , paint , kitchen .. top to bottom the comps sold arou...
Ron Willbanks
Lender needs reason for Cash Out (refi)
I am refinancing my home to get some cash out so I can have more capital to invest in real estate. As part of the paperwork, my lender is asking for the reason I am refinancing. How will the lender react if I explain...
Kevin Hunter
Pay for Mulch or Leave It up to the tenants
My tenants in a sfh get mulch every year for the house. It is in an A neighborhood and does make the yard look nice. It costs $100-125 once a year. Should I pay it or have them pay for it if they want it? As an as...
Sam Bhattacharya
How do you deal with a tenant constantly asking to make repairs?
Say you have a tenant who wants you to replace carpeting that is worn but still functional. Or he wants you to fix a gutter that is old but still does the job. Or he wants you to paint a kitchen ceiling when all it ...
Kyle Seidel
Tax Implications for Moving out of My Owner-Occupied Duplex
I currently live in an owner-occupied duplex and will be moving out next year and then renting my side. I have some questions and am double checking what my accountant has done so far.1. My side is 3 bedrooms. I have ...
Jamie Bateman
Using AI in Your Mortgage Note Business
I am curious to know how note investors (and private $ lenders, fund amangers, etc.) are using AI in their workflow. I use it some for my podcast, idea/content creation, presentations, meeting trancripts, Loom, etc., ...