Orlando Goodon
I'm about to lose my dream house! Last minute $30k bombshell :(
Found an amazing house! Beautiful, close to major city, triplex with 4 BR. $7k mortgage, $10k rents, fully renovated, 1700 sqft units. However, just before I want to make offer, bank shoots my $60k-$70k expectations o...
Kevin Durham
Can private school be a business expense?
Hey all, the more I learn the more I realize I know nothing! On my 3rd flip thanks to the help of this site. So, thank you for any reply!My daughter is now attending private school - 7th grade, and to my knowledge, in...
Andrew Oladipo
Year End Review - What do I need for Tax purpose?
I have a contractor work on a variety of small fixes when I bought my first and only rental units. Total cost was $1500. Do I need to issue a W2? What other tax information can anyone share.
Thanks
Donald Moreland
Applicant is trying to trap me into an ESA violation
I own three rental homes in Central Texas. After a recent full remodel, I listed one for lease with no smoking and no pets. One applicant listed two persons and a cat. I decided to waive the cat and we started negotia...
Marc Cormier
Probate and Bankruptcy at the Same Time? One Debtor, Two Estates
When you accept the role of an executor or personal representative to someone close to you, you know the role will take time and patience. Yet perhaps the last thing you're considering is that the person you’ll repres...
Josh Jacobsen
Rent or Sell
I've just received a job offer out of state (a return to my roots). I've been advised by my mortgage broker that I would need 2 years in my new job before he would give me a loan to buy in that market.
With my curre...
Akshar Patel
Tax implication of sale
Hi everyone,Newb RE investor here. Had a quick question about the tax implication of a recent sale.So I had purchased a single family home in Aug 2015 for 370K. We lived in it until end of March 2017 (20 months in tot...
Anthony Salerno
Switch my grandmas house into my name?
Myself and my sister are looking to fix my grandmas house and sell it. We’re just not sure whether or not it would be more beneficial to switch it into our names first and then fix and sell, Or fix it up and sell it i...
Danielle Scott
Should I put my home's title in an LLC?
I'm looking for my first house and plan on renting out the extra bedroom part of the time - airbnb or traveling medical professionals mainly. Should I consider setting up an LLC and titling the property in its name? T...
Mariah Porter
Emotional Support Animal in my house hack
I own a house in Idaho and rent my spare rooms. A potential tenant has an emotional support dog. Am I required to allow an emotional support dog if I am living in the house? Can I charge a pet deposit or pet rent? I'm...