Jacob D. Lange
Deductions with No Revenue?
I just purchased a house by the beach that will be a STR. I am in the process of renovating, but I am doing so from out of state, and for various reasons I might not generate an income from the property this year. C...
Sam Li
Can you carry over tax reduction to next year for a rental proper
Hi, folks. I am a new investor and I got a rental property in Texas. I did not rent it out last year since I got it in Dec. I've some cost incurred in 2020 such as loan points, agent fee for finding a tenant, etc, so ...
Mitchell Van Overloop
Which financing is better for 2nd property?
My wife and I are thinking about buying another income property and are wondering which route would be better. We could buy a 2nd property as owner occupants and get a FHA loan which would get us the property for less...
Abdul Azeez
HUBZU Property: Potential issues and concerns
Hello Folks - I am thinking about making an offer on http://www.hubzu.com/property/0007110154379-53-Hoo...The Agent I am working with says since these are sold as is, I could put a financing contingency but nothing mo...
Thomas O'Donnell
Questions to ask agents/investors/property managers?
What are some questions to ask agents/investors/property managers when looking at a market to invest in? If I currently do not live in that market or have much RE knowledge about it, what questions would get me the be...
Randy Charboneau
Grand Rapids Michigan Wholesale Flipping and Assignments
Are you an investor or flipper in the Grand Rapids area? Have you secured a foreclosure or REO flip and are ready for the dirty work of renovation but struggling with funds, or sub contractors, or a variety of issues...
Amy Lin
Seller refused to vacate the property after closing and leaseback period
Hi all,I am in this very frustrating situation with this property I purchased from a wholesaler last month in Texas. When we purchased this property, the seller requested a 3 weeks leaseback and we agreed to it with a...
Irina Gav
What are pros and cons of having a call center as a tenant?
I am considering renting a 500 sq ft in a small office building (1 story, 7000 sq ft) to a call center company.The rest of the building is occupied by real estate brokers, mortgage brokers and insurance agents.I am co...
Silvia B.
New deck boards and railings: Depreciation or Repair?
This Summer we personally replaced the deck boards and railings on one of the decks. The structure ( posts, joists, etc) were ok but the old deck boards were bad and it was time to replace them. It cost us about $1500...
Ashutosh Gupta
What's the best way to return money to the investors
We did a major remodelling and addition of a property. we have friends who invested in the venture. The permits and construction took around a year. We are few months out to closing this and will make a good profit fo...