I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
I have two rental properties (1 single family + 1 two-unit), but this is the first year I've encountered tax season as an RPO. I have a CPA I intend to have file my taxes, but it sounds like they're not expecting me t...
I am currently reviewing the performance of one of my single-family homes. I bought during when the market was very low. I’ve seen excellent appreciation and it’s performed well, producing anywhere from $200-$400 ne...
Hey all. Seeking some advice on how to handle a new tenant asking for a discount on rent. The story is we purchased a property and did a minor rehab (flooring, paint, new kitchen appliances, new bathroom vanities, e...
BPers,We have traditionally done a good job of staying on budget and on time with our flips, but our last couple of projects have definitely pushed us to a point where we need to implement some new strategies to impro...
I have a tenant who was 3 and half Months behind on paying rent. We had to wait a few more weeks for a court date, had to wait another business wk to get a writ, had to wait another 2 wks to get a call from the Sherif...
I had a rough tenant who finally moved out. It’s been a long 18 months and to no surprise she left the place a mess. We replaced all the upstairs carpet. I only charged her for one room because it smelled heavily of d...
Evicting tenants due on 1st for breach of lease. Texted me they were moving on 7th then gave 4 different dates. Their friend told me they now live in another house but they left a lot of stuff and a week after the las...
Hello, does anyone have a rehab estimate formula for the Michigan Market? I know that repair costs are different for every market, so I was wondering if anyone uses a repair estimate formula that has been working pret...
Returning it with deductions that is. Tenant seems sue happy, a scammer based on my dealings with them. Would you include proof of unpaid bills, pictures of garbage left behind, etc.? I want to dissuade these fools fr...