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I currently have 3-family and would like to expand but do not have the capital. My original plan was to build more equity in existing property and build up enough for next down payment, however I already have an inve...
Hello, I am a new landlord with my tenant moving in a few weeks. I bought my home in April 2011 and have been making improvements to the home without a renter since then. I have a separate checking account for all ...
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This is a two part question1) If I hire a painter to paint an entire inside of my rental house for lets say for $3,000 would this be considered a repair expense (improvement) that needs to be depreciated or would it b...
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We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...
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When getting your appraisals done do you think they usually give a fair value, What is your experience ?
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We are thinking of selling a couple houses we've owned for a few years and they will have fairly significant gains. We have a fairly large portfolio of other properties too though. Does the depreciation loss for those...
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Know a lady that has 2 duplexes for sale in a small town that are both in great shape. She is asking 250k for both with owner terms. They are 2/1's and all rented with some tenants over 5 years. All are long term. She...
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Hey guys,
I just got notice from my tenant today that he wants to break the lease for two properties that he's currently renting out. The lease does not expire till 9/30/2014 and 1/31/2015 respectively. I went throug...
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hello everyone,We currently own 4 SFH (3 in GA and 1 in TN). My goals are primarily geared towards retirement income. Our strategy has been buy and hold with 15yr pay off goals. All are leveraged with enough cash flo...
I live in Park City, UT and am interested in starting my investing business to complement my main source of income. I have ~$275K in cash and am more interested in building equity than cash flow. I'm looking for ide...