Ryan Cotter
Inherited Bed Bugs and Replacing Tenant's Possessions
Hi All - curious if others have encountered similar situations and how they may have addressed it.
My partner and I recently closed on our second property in NW Indiana, and we've come to learn that all five units ar...
Account Closed
Newbie Stupid Tax - How Much Does It Cost? How Much Will You Pay?
We were all newbies at one point. I, even I, made some Grand Stupid Mistakes (early on ;-). I wouldn't be able to add up how much "Stupid Tax" I paid getting my real estate investing career underway. Granted, we all s...
X Sun
Remote repair for rental property as a newbie
Hey guysI came across a good deal for a house I would like to get as a rental property, and made my offer.After inspection, the report show some issues that can not be ignored plus some minor issues (faulty dishwasher...
Prachi Metha
Zinsser or Kilz Primer for Cigarette smoke
My newly purchase house has a Cigarette smoke from the previous owner. Ozone treatment and duct cleaning is done, it helped but still smoke is there. Next step is I am moving to get house paint with Zinsser or Kilz pr...
Kerry Malarkey
Land contract capital gain treatment
Hello,
I'd like someone to confirm my understanding of the treatment of a gain on a land sale. The offer is a large down payment with owner financing the rest. What I'm trying to do is determine the amount of the c...
Kerry Malarkey
Capital gains land sale 1st year treatment
Hello,
I'd like someone to confirm my understanding of the treatment of a gain on a land sale. The offer is a large down payment with owner financing the rest. What I'm trying to do is determine the amount of the c...
Marshall Swatt
Options to update a 50's MiMo style 2-story home
We purchased a long neglected 50's MiMO style house in our neighborhood in upstate NY. I'd like to improve the facade and give it more dimensionality. Anyone have experience improving facades? Or any advice on resourc...
Marc Dufour
Move-out list of things to clean
I am looking for a form listing typical things that needs to be cleaned by the tenant once they move out. Could you please share one?
Richard Parker
LLC's - sorry if this has been asked someplace else
I have owned an investment condo for 10 years and the mortgage is paid up. I want to sell, but the depreciation deducted from my basis makes for a big tax bill. Can anyone confirm or comment on whether putting the p...
Alan Salazar
Tax write offs for own resident?
If one owns their primary resident under LLC, can they write items off for tax purposes (upgrade of kitchen, bathroom etc) or would this be considered primary resident.