Hi All,I just gutted a bathroom in my first duplex!  The floors were terrible, porcelain tile over cement board.  The cement board was the consistency of west sand, and after a layer of linoleum/tar paper, I got to th...

Let’s say the roof on your rental property gets damaged from a storm and you claim a casualty loss. At the end of the year, you have a net operating loss after depreciation and operating expenses. Can the causality lo...

Good evening! Looking for some 1031 Exchange experts! :)I have a primary residence that is deemed - 80% rental and 20% primary on my taxes. I am renting out majority of the house. I was chatting with a 1031 Exchange c...

Hi. Let's say that for a zipcode the local Section 8 HUD Payment Schedule is $2500 after utility deductions call it $2300. Now let's say the going rent in that zipcode is $2,900 for a non-section 8 program tenant.Ques...

Hello all, this will be the first year I’m able to claim depreciation on 1 of my properties as it is a rental now. What do I need to do when filing my tax return? I like to keep it simple and see the same tax preparer...

Hey BP,Filing my taxes for my first full year of being in Real Estate.  Every transaction I did last year was an off market transaction. All income came in as either an assignment fees or funds from vacant land sales ...

Hi,
Can you all tell me what the normal procedures are when you work with a GC?
1) Do you pay something like 1/3 up front, 1/3 half way through and 1/3 when project is finished?
2) Do you get in writing a list of ever...

Hello, I am looking into getting a quad-plex or Tri-plex with home-owner occupancy so I can get in with a lower down payment. I was curious though about the insurance coverage I should have? I know usually a rental in...

I have been reading on house hacking and how to be able to buy it with different mortgage options. I read from different sources and here that the best option will be to buy it using an FHA loan. I talked to a realtor...

I'm new here and joined specifically to ask this question.
I have a mortgage on my home. Included in my property is an apartment above my detached garage which I rent out. The water bill is included together between t...