Dale Porter
Disclosures, Agents, Offers, First Time Buyers, & Inspections
We are first time buyers. We put in an offer on house after our agent showed us disclosures and didn't highlight any areas of concern. We attended the inspection and our agent didn't . Inspector told us HVAC needed re...
Maricela Chavez
Need to save money! Suggestions??
Closing on my second flip this week. Going to be adding about 400-600 sq ft. It needs a ton of work and upgrades. Purchasing for 60k, highest comp is about 160-170k. Any suggestions for saving money on materials etc?...
Radu Botnari
Homeowners insurance on rentals
What kind of homeowners insurance do you guys have on your rentals, are your properties covered from tornado damage, flooding/wind ?
Chris Masons
Tax question on Water Heater replacement
I have a tax question on water heater replacement. I Know it should be a capitalized expense written off over X amount of years. Last year I replaced a water heater and in doing my taxes using Turbo Tax there was so...
Diane Perry
Where does cash RE purchase go on a P&L?
I am putting together a P&L for an application for finance reasons. I work for myself, and for that reason and also as a landlord in addition to federal tax returns I am required to file a P&L statement. They ...
Vincent Chen
First year investment Tax report
Just bought my first multifamily investment out of state rental last year August,so would like to know anything special about the tax report?Right now,I have full-time W2 job,what should I notice when I report my tax ...
Dean Suzuki
How much rehab work is too much?
Hi,
I'm looking at a 4plex in Phoenix built in 1962. Each unit is a 2bd/1ba and 720sqft. According to rental comps, I can get $500-$600 per unit. The purchase price is $125K. With 30% down 30yr mortgage...
Bryant Troupe
BRRRR Investor Chart of Accounts for QuickBooks
We primarily BRRRR investor who purchased our first property last year. We are hoping to add 2 - 3 this year. I need to get all my financial data into QuickBooks and was wondering if anyone could offer advice on the...
Patty Harris
Financial planning; CPA; capital gains taxes
I don't currently have an accountant; I have been a devoted Turbo Tax user for over 15 yrs. I even (I think, I got a refund) got through the forms for my duplex purchase in New York last year.I would like to find a CP...
Lindsay Repp
Advice Please!!
I have a tenant that didn't pay rent last month, I told him to put in writing he would be out by the first of oct, which he did. so yesterday i asked him if his belongings were out, including the things in his garage,...