When analyzing a deal, what is the best strategy for estimating rehab cost? Do you only do it after walking the property or inspections? For a newbie, how do you get close without really knowing what to look for?
Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014. The K1 has all of the profit listed on line 1 as ordinary business income and does not...
I'd be interested if anyone else has any Bible wisdom that relates to being a landlord.
I've fixed up and rented three properties in the last three years and so far things have gone smoothly. I recently starting thi...
Working on potentially our first investment deal and need some advice. My wife's grandmother owns a house outright. She is very ill and is currently in a nursing home. 2 of her sons who are in their 50's still live at...
I have a tenant who we are in the process of evicting. Just waiting for the paperwork from the local magistrate. However, we just got a water shut-off notice saying water was shut off on the 12 of October (today is th...
I am new to real estate and even though I researched tenant/landlord relations extensively before I bought this house I feel like I havent followed what I learned on this site and various books and am already get...
Hey everyone,
I've been researching the BRRRR game and all that it entails over the past year or so. My partners and I have cash ready to purchase and rehab our first property. However, we want to get pre-approved fo...
Hello, everyone!
I recently learned from a neighbor that one of my inherited tenants is planning to move in three additional children into her apartment. According to the lease, only individuals listed on the lease a...
Hi, can anyone direct me to the process for how to handle a tenant that has not paid their lot rent? We bought a mobile home park and several of the lots are lot rent only to R/Vs. We have one that has not paid his ...
Hi there,I have bought and sold 2 properties over the last 3 years. My tax agent just told me that I would have to pay 15.3% self-employment tax since it's considered a business. But 2 houses in 3 years can hardly be ...