I will be selling some land that I own and am having trouble understanding the tax that will be due. I entered the figures into 2020 tax software but the amount due does not match my understanding of tax computation. ...
I have an basement that is completely set up to be rented out, full kitchen, bath, bedroom, office and private entrance. My concern is that is not a legal apartment because I have not yet claimed it on any tax income....
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The sump Pump stopped working and made a mess due to something a previous vacation renter flushed down the toilet. How do I handle this Terrible situation with the tenants and any advise in the future?
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Hi all,First off thanks for reading this post in advance! I have a "first-timer" situation and want to make sure all my ducks are in order to go through with the transaction. So, any advice would be very helpful! I cu...
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Hello BP,I have a duplex located in the philadelphia area. My property is completely vacant while it is being worked on, and I haven’t been there in about a week or so. This evening I sent over someone to my property ...
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Unveiling My Greatest Technique in Real EstateMy best technique in real estate is getting a seller to accept my contingent offer before any other buyers and myself are able to even walk through to see the property. Th...
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I have dealt with a couple of lenders whom have told me initially they could get me refinanced but it came down to the same thing each time, which was everything looks good except my debt to income ratio is high. This...
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I just finished a chapter in the Tax Strategies for the Savvy Real Estate Investor and it caught my eye when it said you can deduct Property Tax and Homeowners Insurance. I do not have any rental properties yet but a...
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I am waiting to see if I can get financed on a duplex. I own a single family home with a lead order on it. I'm lost as to where to go if this deal doesn't go through. I want to start investing and might need to find a...
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Hi! I hope someone can provide me with some much needed advice. I need to refinance my mortgage but I've been putting it off because of my situation. The house is under my father's name only and was purchased in 2005....