D C
Cash positive rental properties or leveraged debt ?
So I have $200K liquid in the bank (I have my own company) and I earn about $260K a year (before taxes).
By my calculations, if I buy a $250K condo in a well sought after part of the city, and pay it off COMPLETELY i...
Abe DeHart
Cost Seg. Study on STR
Have any of you done a cost seg. study on an STR? We recently purchased a large cabin in the Smokies that I'm interested in having a cost seg study completed on. If we do a cost seg, are we able to count depreciation ...
Adam Moehn
Deposit Withholding for Cleaning
How do people handle deposits when a tenant leave behind a dirty unit when they move out? Do you withhold anything for cleaning, or just figure it's part of turnover? If you do withhold some of the deposit, how do you...
Jordan Dooley
Had my HVAC stolen but I have insurance. Advice needed.
So I closed on my first rehab 3 days ago. YAY! But now someone has stolen my AC unit haha. We have insurance and our deductible is $1k. I heard Acs can cost $3k-$5k? is that accurate? I'm in Atlanta, GA.
Also, my p...
Richard V.
Tax implications for RE investors
Hello fellow BP members!I reside in California and am looking at investing in out of state rental property. With the new tax law in place my understanding is that interest rate deductions are capped at $10,000 per ye...
Freda Curtis
Insurance for Rental Property
Hello everyone,I am looking for insurance for a single family rental property in Virginia Beach, VA. I would greatly appreciate any suggestions regarding good companies or brokers to deal with.Thanks,Freda
Ann Baker
Security Dep Damages not yet repaired
Hi,Can we deduct from security deposit damages not yet repaired but nonetheless were damaged by the vacating tenant? How would we calculate the damage?Specifically, countertop that was greyed out by something they did...
Sandy S.
Providing specific security deposit amount to tenant?
Tenant is not renewing lease - Is it appropriate for a tenant to ask for a specific security deposit amount as they prepare to move out? I have not had this happen before, and wonder how I could possibly give them a ...
Eric Grant
Another LLC question, regarding equipment/material purchases
I see a lot of posts with questions about whether or not to obtain an LLC or S-corp before purchasing a first rental but I've not found the answer that I'm specifically looking for.I'm looking to purchase our first mu...
Chad S.
Deducting a new septic system.
I have a septic system that has failed and needs to be replaced.Could I deduct this as a repair instead of a improvement, since I have no choice but to replace it?