Land cannot be depreciated, but if you are purchasing raw land in order to build a commercial unit, can that be categorized as a business "expense" to minimize profits and tax liabilities?If I have a current business,...
Current Situation:1. Bought a 2bed / 2bath condo in NYC for $800k in 2011, with $500k down $300k mortgage.2. Condo is netting approximately $2k a month. It has a 15 year tax abatement that will start escalating in a y...
Hello everyone, STR has peaked my interest and I am doing some research on it. I have searched the forum but was unable to find an answer. In general for STR, is it better to do SFH or MFH? I would assume SFH for the ...
Hi All - Yesterday we had a car run off the road and onto the property of our rental. Luckily it didn't hit the house, but it caused some damage to the sidewalk/railing. Nothing too major surprisingly, but the driver ...
I just inherited a 1800 sq ft 2 bedroom 2 bath pier & beam house in a small town in Louisiana with a population of approximately 300 people. I want to start investing in single family rentals but I am not sure if...
Hello everyone!Former PGA Club Professional turned tech salesperson here. I recently moved from Michigan to the McKinney area, looking to do the the good ole househacking that everyone is sick of hearing all the time....
I am looking at a constructing a single family that would extend into the floodway (not Floodzone) of a studied stream. This is in Georgia. Not near a river or lake or ocean. I really just want to add 2 piers tat woul...
Hello, hello...I am about to go through a rehab of my property (located in Baltimore County MD) and was informed as a reminder of the new smoke detector codes. Detectors are currently up to code.I found these articles...
We just hosted a wonderful tenant from Furnished Finder. She submitted her credit/background check and all payments via Keycheck. I never met her as the key was exchanged via lockbox. But it did occur to me that a tot...
Getting ready to invest out of state for buy and hold. I need advice on top 10 states that are landlord friendly/ pro landlord per say/ easy to evict