Don Ireland
Owner Occ Duplex: Accounting
I'm in the final stages of buying my first rental. This will be an owner occupied duplex. Since I can't include expenses for my unit for tax purposes, I'm wondering how I should handle accounting for my unit.
Shoul...
Chris Brandon
What to ask for more information
Hello,I'm new and just starting out. I live in Fargo, ND so I'm just looking around to analyze some deals to get feel for things. I've seen a few mult-family on MLS where is lists the place and will say that it's 4 ...
Joseph F.
Hot Water?
One of my tenants in a fourplex I recently purchased, March 2014, has been giving me the run a round with respect to rent. The very first month, April, she was late and claimed the bank made a mistake. I gave her...
Simone Montague-Jackson
Home warranty...scams or helpful?
Hey there, I've been house hacking for a year, which has been great, but I've had a few issues with the house. I need to fix the garage, garbage disposal, and there's possibly mold in the attic (don't know how true th...
Peggy Beauregard
Depreciation to some partners & not to others in same property.
A syndicator has told me they can give a better return to IRA investors as they don't need depreciation and her accountant does this type K-1 schedule. This would mean the people investing from their personal savings ...
Jonathan Ard
2 SFHs, looking to move to MF. Sell or Refiance?
Currently I have two Single Family rentals, both were primary residences at one point. They cash flow $587/month together. There is probably about $30k each in equity. I am going to focus on 5+ unit multifamily next. ...
William S
Note Networking
The following is for those of you who are active in the NP residential arena....
Let me tell you a little about what I'm in the very process of establishing. In attempting to leverage the time it takes to establish ...
Nieves Mathews
Security Deposit Deductions
Hello, my first tenants just moved out. I'm located in California and I'm not sure what I can deduct from their security deposit. Can you guys take a look at my pictures and let me know if this is normal "wear and tea...
Andrew Dietz
Newbie College Grad moving to Florida
Hello, and good afternoon!
I've literally just graduated from Iowa State University with a professional degree in Architecture and a minor in Economics. After 6 years of college, I'm very anxious to enter the...
Tauna Eranio
Tenant accused of manslaughter
We found out today that one of the tenants on a lease has been accused of manslaughter. His court date is in early Dec, but if he is found guilty, could that cause terms for an eviction?Upon move in, none of the tenan...