1. It seems like taking advantage of depreciation and all of the tax benefits of real estate are lost if your income is >$150k, unless you are a "real estate professional", right?2. I've read a lot about legal enti...

As a property owner, managing rental properties comes with its challenges and responsibilities. One of the critical aspects of successful property management is tenant screening.  Tenant screening is more than just re...

Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...

What are my options to get out from under an asset that had a major fire, where we had no insurance?This asset (now a liability) is owned under a self directed ROTH IRA.I know there may be follow on negative consequen...

I'm not sure "plagiarizing" is the correct word here but here's the situation.

I buy the vast majority of my deals on land contract and always pay my attorney the $400 for his office to prepare the land contract a...

Hello,
I have a to give a shout out to this community. Several months ago I made a post regarding buying a multifamily property in my area of Pinellas County, Florida. At the time, I did not even know I could purchas...

Perspective tenant says she has two service dogs. I have not talked to her, just got a copy of her application.  To make matters worse, one is a Scottish Deer Hound, a huge breed. Is it even possible to have two servi...

This is a survey. To restate the question, when you formed your business, what costs did you fail to notice?

All responses are appreciated.

At the start of this blog post I didn't feel like I accomplished much for my week 2 update. I felt like I spent most of the week bouncing from one idea to the next with no set goal or direction. However, as I'm writin...

Seeking advice from seasoned professionals here. After parting ways with a property management company for not meeting expectations, I took control of four properties, retaining the existing tenants. I had them sign a...