Renee K.
Inheritance Tax on a foreclosure
Hi from Pennsylvania!
I am looking at a home that is foreclosure and is set to sell at a Sheriff's auction. The title search returned that the property is encumbered at 145K. The owner, who is still on the deed/title...
Account Closed
Zillow Loses $80,000,000 Flipping in 3rd Qtr - Yikes!!
Well, those brainiacs at Zillow have really got to stop believing their Zestimates. And, they had 70,000 requests for their services.
The CEO was heard to say "We are losing $1,143 on every deal but we'll make it up...
Jude Welsh
Federal Lien Removal process
I plan to bid on a property in a NJ (judicial sale) sheriff's auction that has a Federal Lien attached for IRS 1040 taxes. This lien is junior to the foreclosing mortgagor, and will be wiped out. The Government was ...
Luke Grogan
Operating Budget for Long Term Rentals
How many of you keep an operating budget for your rentals? As crazy as it sounds, I just realized I don’t often consciously budget future expenses. I often do look backs to see what my actual expenses are and keep in ...
Cyrus Rapinan
2023 Texas Tax Relief
Texas recently passed a tax relief for property owners. Does anyone know how it actually works and applies to commercial real estate?
Michael Calderaro
Laundry Room Issues - How commissions are paid to your property
Greetings Gentle Readers!Today's topic is one that is of some concern to multifamily apartment owners currently in a laundry lease or thinking about signing a laundry lease."Commissions" is a colloquial term used by l...
Donald DiBuono
How much rent should I put away monthly to pay taxes on a duplex?
How much money should I be putting away from the revenue I receive from rental income on a duplex to pay for income tax? Should it be a % of the rental income? Should it be a % of the NOI? If its one of these, how muc...
Wryland Reed
Need FL investment contract help for off market property
I have been door knocking and found a property that isn't on the
market that will sell to me for around $525,000. The house is 1,986 sq
ft. There is a back garage that is a separate structure that is about
827...
Cory Mason
Question about STR potential for income in Phoenix AZ
Hi, I'm Cory and I'm looking at my first rental property and using it as a STR. I'm looking for some advice/guidance from anyone that is doing STR rentals in the Phoenix area. The property I am looking at is a 2 BR/2B...
Rick Baggenstoss
Reporting templates for Short Term Rentals
I have a few listings and feel like I need better analytics to get improve. What are you using for analysis tools? What are some of the more interesting measures? Mostly, I've been focused on revenue per month and ...