Jeremy Diaz
Acquiring Property As a Wholesaler
Question for experienced wholesalers. Since the market is in a upward spiral, how do we adjust in our market when using whatever ARV formula that is appropriate for that market?
John T.
Large House Fire, insurance / tenant questions
Two nights ago the only house I manage that I don't own (favor to my GF) had a large fire causing large amounts of damage. It was from old wiring in the house that caused it and I'm glad nobody got hurt. I have a lis...
Sam Heck
Can't find insurance for 4-plex
Is it just me or is it very difficult to find insurance for a multifamily home? I've spent the last 4 hours calling various insurance agencies and have not been given a single quote. All of them are considering a 4-pl...
Kim Hopkins
1031 Exchange What is Your Down Payment After Profit Called
This is a confusing question. Let's say I put down $100,000 into a property which I then sell a few years later for $150,000. Now let's say I 1031 that into a new property with a total down payment of $225,000. If I'm...
Mary Jay
AGI, MAGI, ets-question for accountants
I have couple of question for accountants:1) Is there anywhere on a tax form that calculates your total income?Total income: from everything; from W2 + from rentals, + every other income , without any deductions. Ev...
Justin Long
Depreciation as it relates to cost basis
I may be thinking about this way to hard. However, I am also a newbie to REI and the tax implications therein. My scenario is simple: Single family home purchased by me and in my name, mortgaged property, and rente...
Todd Farmer
Hail damage claim
Thanks in advance for any answers given.Today’s date: 3-12-15State: Georgia Company: Farm BureauLoss date 3-18-13No work done yet on roof(claim details below)My questions are: Is there a deadline for getting the recov...
Ilah Wiggins
How should I handle rent payments during the COVID-19 pandemic?
My tenants want to adjust their rent payments. What’s the best way to address this and how long should I permit this?
Eric Tomlin
Tax question re: sale of fire damaged rental property
Good day experts. I am trying to understand the tax laws and determine my tax liability for a rental property that I have sold in 2018. The uniqueness of this transaction is in the fact that the property suffered a fi...
Jim Brozny
Should the contractor get the entire payout?
I filed a claim with my insurance company for wind damage to the siding on one of my properties. At the last minute, I called a contractor to meet the adjustor at the property so they could inspect it together. The ...