I'm under contract on a 4plex property in Texas (Houston Area) and just had the inspections completed. The termite inspector's report read that there were signs of a previous termite infestation but it looks like the ...

Let's say you have a shopping center that is fully depreciated. You then build a dollar store on an out parcel and hold it for a year. In order to save in taxes can you sell both properties as a package deal but alloc...

I am getting ready to finalize a contract on a potential rental property. The property looks great, we got a good price, and it will cashflow. My only concern is that the previous owner had a cat for many years. The u...

I may be slightly overthinking this situation, maybe someone may be able to help clarify my thoughts.I bought my first investment property a little over a year ago. I am looking into expanding my my portfolio sooner t...

I am in the process of acquiring a MFH in Alabama. The home was built early 1900s. As it relates to termite inspection/prevention, would it make sense to purchase a termite bond. The cost for it seems pretty high and ...

Hello,We have a tenant who has rented from us for a number of years. We initially had a 1 year lease agreement, but never renewed the agreement in writing. This tenant is now late on rent.My question is if we do not h...

If you have your properties in a LLC and have separate business accounts are you only taxed on money you take out (salary) from the LLC? If there is extra cash that I could be pulling out as salary but don't and it st...

Hi everyone,
With talk of market fluctuations and interest rate changes, I think it's prime time for us to dive into strategic adaptations. I'd love to hear your insights on the following:
1. Are any of you pivoting...

BP,

I looked at a great duplex in Columbus, OH today that is currently vacant...the last tenant had to be evicted and when he moved out, he trashed the place and wrote the words "Bed Bugs" on every single wal...

Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up.  So...