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Hey BP,I just purchased my 1st home and I’m wanting to legally “house hack” to help pay the mortgage.I know I’m legally allowed to find roommates, but my question is, can I have short-term renters as long as I am occu...
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Hi,How to sell a property as FSBO(for sale by owner) with as is condition clause. What are good websites, resources for this purpose.Please advise
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One house, vacant for a good part of the year. (I'm guessing) my deduction would go further next year. Can I pay property taxes in January that are due now, then deduct them as well as next years that I will (plan to,...
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I just bought a duplex and I need someone to cut the grass. The tenants won't do it. I want to hire someone reputable but I've been quoted a $40 minimum. They have workers comp, which is a big plus.
I thou...
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Investment Info:
Condo buy & hold investment.
Purchase price: $155,000
Cash invested: $49,000
Gorgeous corner unit in the heart of Chicago.
What made you interested in investing in this ...
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We have not allowed pets in the past, mostly because we have not had any problems finding tenants without pets (but a lot of pet owners asked anyway). We are about to have 3 units in duplexes available for December 1,...
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I need a professional building inspector for a Cincinnati 12 unit apartment building. Any recommendations?Thanks, Gabe
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $425,000
Cash invested: $100,000
Converting resident to rental in a ski/lake town. Major fixer.
What made...
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If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
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I’m a little confused on what happens when your rental breaks even and you do tax breaks or write offs for maintenance , travel, etc. Does nothing happen or you don’t get anything since the property is not generating ...