Konstantin Dubovenko
Should I hire a property management firm
Hi everyone, I am an moving to a new home and planning to rent my condo in San Diego (central Hilcrest walking distance to Balboa Park / Zoo). The condo is modern and basically in perfect shape, completely remodeled 1...
James Bailey
Am I the crazy one? I’m excited to close.
Hi everyone, What are your honest thoughts on the market? My wife and I are excitingly closing on our first rental properties, two duplexes. The cash flow will be rocky in the beginning but I believe in the accumulate...
Danial Qureshi
Persistent Problem with my Condo and I'd like your opinion/help
Hi Everyone,Just recently approximately 1-2 weeks ago I was able to get a contractor to finish the work needed to stop a water leak into not my condo but in the condo unit below. Insurance was unable to cover the cost...
Mike Nelson
City liens on REO -How to deal with them?
Whats the best way to deal with code/maintenance liens from city municipalities that are recorded as liens on REO, you know the $250/day liens. Some of these REOs im looking at are vacant since 2011 and the lien was ...
Albert Johnson
Can I charge tenant for clog drain
Tenant is saying they never used the sink and water is bubbling out of it. seems like a clog drain. Can I charge the tenant to get it unclogged?
Account Closed
Help - Water in Basement - Carpet soaked
So its been raining here in Maryland for what feels like 4 weeks straight. I discovered water in my basement today, very wet carpets. I called Serv Pro and they did the remediation work and put drying equipment in p...
Justin Loveland
Issues with investment properties
Hello everyone, new to this group, but have been investing in real estate for about 5 years now. Rented my house we originally lived in 12 years ago because we couldn’t sell it when we moved and that’s how we got star...
Mark Berardi
Can I use accelerated depreciation on 1 property to offset capital gains on another
In 2022, I sold a multi-unit property in TN. Also in 2022, I bought a rental property in Ohio. Can I use accelerated depreciation on the new Ohio property to offset the capital gains on the sale of the TN property?
Kasper Rune Søgaard
How to calculate depreciation and tax burden
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
Vinh Huynh
Negative cashflow on Rental Property .
Hi BP, I've just bought a property in Rancho Cucamonga in California and rent it out from last year. Since I live in Southern California, the price of real estate is kind of high. Therefore , although I've already pu...