We bought a three family multi this summer in NH that was previously owner occupied for many years. The last owner provided the tenants hot water radiator heat via a single thermostat for the building that he controll...
Hey everyone,so I had a tenant that I had to evict. They left a horrible mess behind with trash and unwanted belongings. We threw everything out and have been cleaning up the property. Recently a private company has b...
I know these are fairly common topics and I've done a lot a research on them but there are some points to my specific situation that I'd appreciate insight into.Background:In Early 2021 my wife and I bought a property...
A few questions...........To what extend does depreciation really affect a person's taxes/capital gains on a property when it is sold?Does it benefit or harm a person to claim LITTLE TO NO depreciation each year on a ...
Alrighty - I'm just started on year two with my STR on the mountain. Straight out of the gate in October of last year and for the six months that followed, every weekend and holiday was booked - but come April, vacanc...
Do I charge myself rent for storage? I am storing equipment in a 40 X 110 foot building on my mixed use commercial property. The building would rent for around $1,500/ month. Do I need to write myself a rent check...
I will outline all the steps and processes to construct a build-for-rent home. It is not for the faint of heart. I own four lots in Jacksonville and will be constructing 4 identical houses. The houses are 3/2 with ...
Dear all, my small family contracting business is looking to buy our first industrial property to serve our business. We found the property we like to purchase and made initial contact with the selling agent and our b...
I've purchased my first property in Northern Illinois about 30 minutes south of Joliet. It is a 1400 sq ft single family in a C class area that I plan to rent.The place will need all new utilities/appliances. Two la...
I'm under contract for a new construction quad and am trying to decide whether to purchase washers and dryers for the units (they have W/D hook ups). It seems like the existing multifamily population in my area is spl...