We are buying our primary residence and it will have a 1 bedroom garage apartment in the back. We will start by renting this out to my father in law. Is this considered a rental property? Is there anything we need to ...
I thought it may be useful to some of those in the bigger pockets community who are new to investing in RE to share some actual data from “C” class properties.Given all the discussion around projecting returns from bu...
Hello everyone, this is my question for the community.I have a multifamily property under contract and I am in the due diligence phase. This is my first deal larger than a 4-unit property (this one is 26 units) and I...
Hello -
not sure if this is the right forum, but my associate has about $69k in a simple IRA which he would like to utilize for real estate investing, he also, would like to be able to pay himself for the wor...
Numbers i have so far. Is this a good deal for me to go ahead and buy. This will be my first property ever bought. Basement unit rent-$415 a month-7+ year elderly tenants 1st Floor-$550 Rent2nd Floor-$550 RentTotal=$1...
I’m sure many of you have heard of a cost segregation study. It is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return...
Hey All!Does anyone have any experience with, or knowledge of, using solar panels as a tax strategy for STRs?I'm curious if there's more benefit to getting solar on an STR other than the idea of the energy cost saving...
I am looking at a 4 unit, 1 bedroom in each unit.
each unit is rented for $415 a month.
Taxes of $3300 a year.
Owner pays gas of about $200 a month.
Some deferred maintance, but a solid brick building.
What would y...
I recently bought a duplex (first investment property) that has a tenant under contract until the end of March 2020. The lease states that the tenant pays all utilities. The previous management had the sewage in their...
I pay for internet, gas and electricity each month but the bills are under the tenant's name. He reimburses me for them but I'm the one making the payments. I'm adding his reimbursements as income but can I deduct the...