I have run into an issue with my taxes. I bought my owner occupied 4 plex in OCT 2014. Therefore, the VA Funding fee (around 7000$) is all tax deductible for the tax year of 2014. The "tax professional" at H&R Blo...
This is a hypothetical question I am trying to understand. If one inherits tenants from a previous owner, is there a limit to what is defined as a lease. Can the previous owner sign a 5 year lease with their tenants f...
I took a heloc out of personal residence to fund my first duplex renovation. I changed the deed over to my Llc upon refinancing out. The equity check is made out to my name/and Llc. Is it okay to pay back my personal ...
Hi friends, Maybe some of you can coach me a little on this idea & maybe you can tell me if it seems to be realistic. So I was thinking about buying a vacant half acre to 1 acre lot, but already have the electrici...
We had this post in our FB group and I wanted to share it with others as this is a common occurrence.A mortgage was sold from Company A to Company B to Company C to Company D. There is the recorded assignment chain in...
My first tenant is in agreement to renew their lease. What do you all do in this situation? Do you make another copy of the original lease with new dates? Do you have a one piece of paper saying that the original leas...
Anyone have any new innovative tips to finding good off market deals around the Detroit area ? I'm new to this, just started reading about the area trying to figure out what side of town is best to invest in. Really a...
Hello all, I currently have a home in Washington (Bremerton area) state that is being rented out with approx 60k of equity. I want to use that equity on a down payment on another house. What markets can I get ahold of...
Hi all,
Quick question regarding paperwork required when selling/flipping a home as an LLC. I’m being asked for a certificate of compliance from the department of revenue and wanted to see if anyone else had run into...
I have a tenant that is being difficult by constantly making unsubstantiated claims about mold, asbestos, etc. Our tenant-landlord relationship is souring, particularly due to a claim about asbestos, which turned out ...