Shelbie Beeson
Do I need 20% on my 2nd home which will be my primary residence?
I currently live in a home I bought with approximately 3% down. Values have gone up and now I’d say i have around to 15-18% equity.
We want to move but don’t want to sell this home. This was our primary residence th...
Christopher Fickess
Are solar panels beneficial on rental properties in okc?
Are solar panels beneficial on rental properties in oklahoma. We have a 26% tax rebate on the value of the panels. Do renters care about solar benefits, and can you charge more rent to offset the cost of the panels?
Jack B.
How to calculate interest deduction after cash out refi?
Cash out refinanced 4 rentals. Goal is to buy more rentals with the money, but I'm not finding any deals yet. How can I calculate the interest amount I'm allowed to deduct on the new loans for the rentals? Are they fu...
Matt Faix
Should mandatory carpet cleaning come out of security deposit?
With your units that have carpet, do you charge the cost of professional cleaning back to the tenant from their security deposit? Or is that just standard turnover costs that you assume? Wasn't sure how to approach th...
Mark Dante
Insurance on strip mall
I am looking into a strip mall that is for sale and am int he process of doing my due diligence. I have placed a call into an insurance agent but I am wondering if there is anything in particular I should be asking. ...
Matthew Malin
Estate sale in Sheriff's Auction
There is a home going up for auction tomorrow that I am considering purchasing. Currently assessed at $105k and in a trendy/popular location. Listed on real estate websites as a 1 bedroom/1 bath built in 1910 and 110...
Jason Kimery
Question about deprecation
I own my home and would like to buy a new home to live in while turning my current home into my first rental. I have significantly improved the value and it has probably appreciated a bit on its own. My question is do...
Craig Jace
Keep Medical building or sell?
I have a medical building in Los Angeles Had it for 15yrsWould like to retire soon and looking for best cash flow Owe 200kRent is 7000 monthlyHowever property is worth 1.7mWould like advice for cash flowwould it be pr...
Bryce Jamison
New Late Fees Every Month During an Eviction?
During an eviction do tenants keep incurring late fees on future months of missed rent?
Cliff T.
How is income from private lending taxed? How does REPS impact this?
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...