Avee-Ashanti Shabazz
GENTRIFICATION vs REVITALIZATION
Revitalize: To bring life back. The act of redeveloping a area to initiate growth.Gentrification: To displace. The act of using the effects of real estate development as a tool (weapon) to uproot and force out the exi...
Juan Alcorta
Closing Costs: Miscellaneous Expense or Cost Basis?
Hi everyone, I recently closed on my first rental property and I'm curious about how to track closing costs correctly. Do they apply as "miscellaneous" expense (which I can deduct when I file the taxes of the current ...
Michael Sawers
Tax Deductions Exceeding Income
I have been analyzing houses for almost a year now. I understand the basics and really just need to dive in. One thing that has been a little confusing to me are the tax deductions. Off the top of my head, you can ...
Ali Samana
Freedom of speech-absolute?
http://www.cnn.com/2010/CRIME/03/30/westboro.baptist.snyder/index.html?hpt=T2
I read the above article and was very disturbed by it. I believe in freedom of speech as much as the next guy, but like any other freedom...
Michael G.
INSIDIOUS MOVEMENT TO #CANCEL RENTS! (NOT SUSPEND... CANCEL!)
Here is the verbiage of the current NY State bill: https://www.nysenate.gov/legislation/bills/2019/s8125
and, most offensively, HERE is the website of a movement to "CANCEL RENTS" https://www.housingjusticeforal...
Ashley A Merk
Best Business Entity for My Flipping Business?
Hello everyone! I am getting myself more and more confused with each thing I read regarding which business entity is best for me. So here’s my situation..I am about to graduate college and will be working in my field ...
Bob Collett
hostile rental owner environment
Hi AllA few weeks ago, the owner of a property I manage received a "ticket" from the city of Cleveland because the tenant did not properly place the trash basket out in front of the house. The city sent a "ticket" fo...
Michael Mikhail
What’s the Difference between a QM and Non-QM Loan Program?
Great question! QM stands for a qualified mortgage. Qualified mortgages tend to be traditional government-backed loans and conventional loans (basically non-government backed traditional loans).
QM Loans are usually...
Account Closed
Previous owner took COVID relief
Hello, I'm dealing with a tricky situation and wondering if anyone else can provide thoughts.
I purchased a quadplex in December 2021. At the time one of the tenants was not paying rent and I came to find out that ...
Richard Warren
Does the house of cards begin to collapse?
Social Security is about to begin paying out more than it takes in.
Article: http://news.yahoo.com/s/ap/us_social_security_ious
Since the Social Security Trust Fund is nothing but a bunch of IOUs, how long will it ...