Daniel Vieyra
Price reduction or credit at closing?
If minor issues are discovered under the home inspection/city inspection, what is better: a price reduction in the sales price or asking for a credit at closing?
Steve Brown
Cost Segregation - Component depreciation
I use the component depreciation method for my rental properties. So it may be a good idea or it may be a bad idea, but I'm comfortable with it. So this post is not for those who oppose this method.My question is when...
Greg W.
Property insurance suggestions
I own a town home in the Twin Cities and the property insurance is approximately $1300/yr., which seems high to me. I would like to find something less expensive and wonder if anyone has suggestions? We are using...
Tyler Vining
Deal in Hand - Should I Wholesale or Buy and Hold?
I have a lead on what seems to be a deal. I’d like to solve the current owners’ problem and hopefully create an opportunity for myself.Property:
Location: Tulsa, OklahomaType: Single familyBuilt: 1999Size: 2,675 SFLa...
Aaron Webster
Comprehension Question Regarding Interest Rates
My apologies for the simplicity of the question. Why exactly, does a rising interest rate diminish the appeal of owning real estate for the purpose of renting or flipping (for investors)? One can assume this is due to...
Brandon Heimsoth
Do you all pay taxes?
Quick survey here. I heard a quote from Rich Dad's tax advisor Tom Wheelwright saying something like "if you're investing in real estate and you're paying taxes, you're doing it wrong."
So, do you pay taxes? How man...
Chris Heeren
How does a BRRRR investor calculate how much they make a year?
I receive the majority of my income through Buy & Hold Real Estate and am looking for a way to calculate how much I make a year, sounds simple right? I currently own 90+ rentals and buy 20+ properties a year usin...
Bette Hochberger
Rental Property Tax Deductions: Maximizing Your Returns
Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs? These deductions can significantly reduce your taxable income. Keep met...
Valerie King
Rental Property Budgeting Approaches
Once you get settled into your rental property, I assume it's important to document everything and stay super organize. What's your approach to recording monthly income, expenses, etc.? Is Microsoft Excel too simple? ...
Eric A.
WSJ article: 'Real Estate Industry Braces for Tax Upheaval'
Has anybody else seen this article?http://www.wsj.com/articles/real-estate-industry-b...The general point is that while Trump's tax plan is silent on the subject, the GOP tax plan that has been gaining steam proposes ...