We are closing a deal in Dayton, Ohio in 2 weeks and contractually are obligated to allow the existing tenants to continue occupancy for at least 60 days. These are long-term renters whom we are told are very good re...
I’m spending quite a bit of time every day analyzing deals. It’s been a lot of fun, and great practice for me. Some days I have a hard time deciding which deals to spend time analyzing, versus just skipping over it an...
I have a friend who owns one rental property and rents out a few rooms in his home. He is allowed to rent at least one room in his home legally per county rules. When he tried to report the income to his accountant wh...
A teacher I used to have has 38 properties and all 10/15 year mortgages which all have break even cash flow which in turn lowers his taxes from his full time job. After the 10/15 years he refinances and pulls out as ...
I've got a 4-plex that my wife and I are owner occupying in Los Angeles. For a dozen different reasons we want one of our tenants evicted, but of course tenant laws in LA are pretty strong. However, we have a potent...
Hi everyone, thank you all in advance for your help with this! I’ve got a bit of a weird tax question. I currently have an investment property that I’ll be trying to sell soon. All of the value would be considered lon...
Here is my problem. I own a duplex and it shares a driveway with the house next door. That’s not a problem, but the duplex behind mine, seems to think they can use my drive too. They use the back entrance of their a...
Hi my tenant showed me a window that the glass broke and he wants me to replace the window. My question is, he claims it's an plf window and it just broke, they don't know how it just broke. Is it my responsibility t...
Hi all, I appreciate your help in advance on this extremely complicated topic.
My wife and I are trying to find out what exact details will count towards the 750 hours of "materially participating" in real es...
Hope my title wasn’t too off base but so far as I seek someone to learn from in the house flipping market of Houston most only seem interested in what is profitable to them. I understand this of course but I am wantin...