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This is a follow-up to my post last week about Flipping a house bought with Quit Claim deed. I had a trusted attorney use their trusted title search company do a title search on the property. Turns out the VA ...
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How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
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Two questions...1) About to bring a STR online in the next two weeks and am looking for some advice as this will be my first STR. 2) Specifics on the current STR cost seg. tax benefit?Thank you for the help.
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I am a new landlord renting out my first rental property. Does the IRS consider rental income as regular income and tax accordingly (30%)? Are there any special tax breaks or deductions?
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Hello BP, So my situation is that we have grown a rental portfolio and are fairly far past our ten conventional loan limit. Not thinking we'd move, we used all of them. Now we may decide to move. My question is...
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so we are looking to buy and hold as newbies in lancaster pa. checking the listings and estimating rehabs. we are finding it hard to find cashflowing properties... I mean we are very new but the basic revenue ...
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Hi - please help us with some advice.
We are purchasing our first income property and it is a duplex in a D neighborhood - low income neighborhood but the duplexes all rent well.
It's less than 2,000 sqft total and ha...
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Hello BP world,
Im analyzing my first potential buy. the property is off-market 2 family home with a possible 3rd unit on top. The house wholesale price is 299k. Estimated rehab is between 140k-175k,ARV 470k-500k. I...
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Hey guys,So I have my primary residence in Dallas and have been renting it out on Air B&B and living with my parents to see if it would make enough to justify as a rental (which it does thankfully). I don't have e...