Luis De Jesus
Pre-marketing rental listing before closing.
Hey all, looking for some feedback. I am purchasing new construction SFR and will be renting it out. I was confirmed and scheduled for closing on December 22. Would it be a good idea to start listing it ahead of cl...
Sean Britt
Help Understanding Depreciation and Improvements
I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...
Brien OConnor
Dealing with Fannie Mae 2016
We've purchased one home as an investment so far. But now, I have placed an offer on another home in Central TX owned by Fannie Mae. I've read some posts from other who have dealt with FM but they were 3+ years ago....
Don Pham
Recently Self-Employed: What income do lenders look at
Hello!TL:DR What income do loan officers look at? Total, Adjusted Gross, or Taxable Income?More in-depth: Should I file as sole-proprietor and reduce my tax liability by reducing my adjusted gross income (pays more SE...
Shane Woods
Getting your Real Estate License in Texas - Step By Step
Howdy! Many of you may have seen my recent thread about my journey to becoming licensed in TX. The thread is here:RE License Journey - TXThis thread will serve as a step-by-step guide, for aspiring agents. This is ...
Justin Donohue
Showing a Property that is Currently Occupied by a Tenant
This will be the first time I have to put my property up for rent and do showings while it is currently occupied by a tenant. How is this typically handled? I am thinking about trying to do multiple showings on one...
Ari Bachrach
Depreciating personal property
A question on depreciation for residential investment properties. When calculating depreciation, the regular schedule is to depreciate the property over 27.5 years. Do I need to separate out personal property (applian...
Keli I.
Newb Landlord Condo rental
Homeowners association requires background and credit check $50 to renter... I've been looking into Cozy for rent collection and potential late fee reminder but wonder if its worth it- or just have them use Venmo, Zel...
Sara Lung
Saving tax for occasional RE investor with sudden big profit. Failed 1031.
Hi,I finally sold a piece of vacant land this January. I have $110K in capital gain, and I tried to use 1031 to buy other lands. I still have $70K capital gain left after the 6 month 1031 replacement period expired. N...
Frank S.
Removed Property from Market and Schedule E
Hi there, What happens when one stops renting a particular property. This is not related to a sell, so no recapture taxes apply. The reason is simply that there was no effort to rent such unit for a year. This is no...