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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?
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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 ...