Byron W.
Can I use check copies & credit card statements for expenses?
I'm living in a tri-plex house hack. Renting out 2 units and living in one. This is currently the only property I own. I've had work done on the building itself (roof repairs) and remodeling work in one of my previous...
Chris Willson
Question on future rental income on mortgage application
Hi Everyone,I am thinking of purchasing my first home and have a question about mortgage applications. I have excellent credit (>800), however no history of a mortgage. I had a loan out on a car that was paid off i...
Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Jonathan Gruber
Real estate professional on short terms while using management company?
Can you still be considered a real estate professional while using a management company for AirBnB? I want to use the losses to offset my W2 income. Thanks
Marie Barrett
HOA Suing me for bird seed on the ground
hi, I live in a townhouse style condo and have both an HOA and a Condo board. The HOA has send me about 3 or 4 threatening letters over the last 6 months for various things. One more recent issue was they had a lawyer...
Julie Falen
Subject-to - Owner's Responsibility to Buyer
I had a rental property that I sold to an investor Subject-to my existing HELOC which is a 1st mortgage. My buyer then sold and Assigned the contract to another buyer who assumed the terms. The balloon is due in Au...
Steve Candor
Buying an investment property in another state
I have some properties - I'm interested in buying in another state. It's affordable and I think it's a good deal based on the numbers.
What are some things I should be concerned about than buying a...
Julio Gonzalez
Increased Audit Risk as a Result of Inflation Reduction Act
The Inflation Reduction Act of 2022 was signed into law on August 16, 2022. As part of this new act, the IRS was allocated $78 billion to hire around 87,000 new employees through the end of 2031. Of the 87,000, not al...
Sean O'Dowd
Would you buy a security system for your apartment building, and why?
Hey everyone,I'm a long way away from buying something and am mostly just working on a business plan right now!For people who do own apartment buildings of 6+ units now, do you contract ADT or some other online securi...
Carlos Lez
Tenant complains of intermittent smell from water heater
tenant says “The water heater smells like rotten eggs, sometimes like a foul smell and sounds like almost a gas leak near the water heater at night to clarify.”. I am a qualified engineer with construction skills and ...