The duplex I have under contract has a few minor things to repair. One of the things I'm most concerned with is the HVAC system. The exterior unit and the furnace was manufactured in 1987 (which is when the house w...
I'm second guessing some answers my CPA gave me recently and wanted to run the following questions by others who specialize in real estate accounting. Thanks so much for your time!We purchased a house, listed it for ...
I bought a duplex last year and have both sides rented. Now the plumbing backed up so I had a plumber run a camera and he is telling me all the cast iron plumbing is no good under the slab so will need to do major w...
Background: I have located a quadplex in a low-income neighborhood with NO tenants. The seller is trying to get rid of the property because he is having trouble remodeling all the units in the quadplex. He reported...
HI! We own a six unit building in Chicago IL and we are looking into consolidating all to just one electrical account, and installing solar panels. We would like to meter electrical use for each unit and for the bui...
My first two years of owning rentals, I just put appliances such as washer and dryer, stove, under "supplies". I have switched accountants and my new accountant asked me to use Quickbooks. Now I am not sure where to i...
Hello everyone,
My name is Alex Rector, and I live in Augusta, Georgia. My family and I have recently moved here, and I think it is time that I start actively looking for an apprenticeship. I've followed a couple exp...
Hello all,I am a self employed contractor in CT. I have been running the family business for 16 of its 35 year history. It amazes me that if i wanted to go to a bank and ask for a loan for a piece of hard equipment th...
My name is Arthur Zwijsen, and as technical coordinator I represent a private group of Dutch investors.
This group is, at this present moment, negotiating terms and conditions with the local brokers and authorities ...
Hi Everyone!I'm looking for advice on homes that use septic systems and well water. In the area that I'm looking to invest in there are many deals for homes that use these two systems. Its pretty common just outside...