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The past couple newsletters have been about my experience in our new normal. All of us are finding ways to adapt. I set out at the beginning of 2020 to acquire 50 rental units. I am still pushing towards that goal. So...
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Hello everyone! I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job. My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense. H...
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Good day team! Has anyone participated in the Mark Podolsky Flight School? Just curious - it's a pretty big sum of money for a newb, but highly intriguing. Would be nice to hear from some folks that have gone throu...
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Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...
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I accepted new tenants to one side of a duplex Oct. 1, 2013. They have since had a party approximately once per month. Each time the tenant in place on the other side of the duplex has called and complained about t...
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I'm trying to acquire a couple single family rental units with a partner this year, but when talking to insurance agents in my town, (Louisville, KY), I am being told that any property in a trust or LLC must have comm...
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I am thinking about renting my duplex out per room. The duplex is near Weber State (Utah) and I think I can get $350 - $400 per room. So a total of 6 rooms as per zoning. The cash flow sounds great but I am a littl...
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Calling out contractors, realtors, and lenders for help on this one...I just purchased a property at auction on Monday. It looked like a deal with its current setup and square footage. However, I didn't even notice ...
Question - I'm looking for opinions on how much a property increases in value when all the permitting process has been completed? Background - I've recently moved across the country so instead of building this projec...
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I have a 2 bedroom, 1 bathroom unit with a short water heater under the kitchen counter. The tenant is saying that the water heater is making some water noises. I previously discovered some condensation related moistu...