David Hite
Taxes on Interest, any benefit to buying late stage notes?
Good afternoon everyone! So in my self-education on notes, of course learning about that the interest portion of payments are taxes as normal income (assuming no self-directed IRA situation). Is there any strategy t...
Account Closed
Explain how this adds up.
I'm reading " The Millionaire Real Estate Investor" by Gary Keller. On page 147-148 he gives an example of equity growth. In the last paragraph of his example he comes to the conclusion that equity in the amount of $1...
Carlos Ptriawan
Illegitimate bill from PMC
Two years ago I had to replace the HVAC, and got bid from Company A that was business partner of my PMC. But I end up using HVAC quotes from totally different company.Fast forward today, that HVAC Company A submit a b...
Shirley Moser
Maintenance of Heating and AC Units
Is it best to pay for a service or maintenance agreement for my rental home Heating and Air Condition systems and/or heat pump? Do most rental owners use these companies to do the annual check-ups?
Kelly Madden
Finding a down payment!
My husband and I are trying to get into REI here in Florida. Turns out that the guidelines are SUPER stringent. (Through a lender) Minimum down payment is 20%, no gifts allowed for help, closing costs are also out of ...
Christopher Pisz
HOA Uncooperative with questions on accounting
HOA Problems:
It all started when myself and a few neighbors had some questions regarding landscaping around the entrances to our neighborhood. We also heard about a park. Budgets and Actuals were asked for for the l...
Mark Forest
Is sewer fix a repair
Is the $3600 I just spent to fix a broken sewer pipe a repair to expense all this year or a capital outlay to be depreciated? This cost includes snaking, excavating pipe, and repairs to pipe. I would think it's an ex...
Delbert Standifer
Cap rate explanation for sfh
Greetings everyone, my question is can someone easily explain cap rate for sfh?
Esther Kim
HELOC on (NOO)Investment Prop.- Lenders during Covid
Has anyone had any luck in finding a HELOC lender for their investment property that is non-owner occupied? I have tried many of the lenders that were listed on this post, however the lenders don't lend in CA or on du...
Derek Johnson
Tax Basis for Depreciation - Accountant?
This is the first year I changed my former home into a rental. I changed it May 1, and have done a little updating prior to tenants moving in. I've always done my own taxes, but I've never needed additional schedules ...