Taylor Green
How to qualify my wife as a RE professional for tax reasons?
Hi,I was wondering how and if my wife could qualify as an RE professional for tax purposes? I would love to be able to write-off some of my W-2 income.She is a stay at home mom with our 1 year old son, and uses her fr...
Richard Coleman
Struggling making numbers work!
A little bit about my past investing. I currently have several properties that need pretty substantial rehabbing (full kitchen/bath remodels, added a 3rd BR/Bath to 1 property). I did all of the work except electric a...
George P.
spray foam
Been meaning to ask about this one for awhile..
I am looking for a spray foam system that i can do myself. I know i can call these guys with big semis that charge upwards of $4/sq. ft, but i want a system that i can ...
Steve M.
Claiming Yourself As A RE Professional
Hey Everyone ...
I know the IRS requirse at least 750 hours AND that no other *job* carries more hours than RE.
Now, my question ... What about income? I own my own business, and have no problem saying I simply ma...
Troy Forney
Real Estate Investing Strategies Buy and Hold strategies
The last property we bought, we bought strictly for cash flow. It was $45,000. with a section 8 tenant in it rent is $800. a month. It had a remodeled kitchen and bathroom, everything else was average condition. Th...
Myron Voorhis
Estimate rehab cost and time?
How do you estimate rehab costs and time? Do you roughly estimate or get very detailed? Do you leave it up to a contractor or handyman? How about if you do most of the work yourself?Do you add a certain percentage to ...
James Heller
What type of agreements do you have with your contractors?
Hi everyone -- I am buying property remotely (in Denver, from San Diego) and beginning to partner with several contractors in the area. Really awesome folks I've gotten in touch with.I'm curious what type of agreement...
Cassie Jones
General Liability limits on Landlord insurance policy?
Hello!
I am purchasing my first rental property in a few weeks. I have gotten several quotes for Landlord insurance but only one quote included General Liability limits of $1M occurrence and $2M aggregate. Is it nece...
Dave Tov
Where to Buy Best Bed Pillows
First time STR here in the Florida area. What is the best bed pillow to buy and where are you buying them?
Tristan Cortez
Rental expenses
Well here I am with another rental expenses question.I am analyzing as many deals as I can to get experience on how the numbers work and how to spot a good deal. Below are the expenses I am accounting for. I would gre...