I’m rehabbing my rental and paying my contractor 21k to do it all. How do I depreciate this for tax purposes? Can I depreciate the total amount over 15 years?
I have a question about returning a deposit. We had a 12 mos lease in the state of Alabama and a tenant left early. They did however continue to pay until it was rerented. Which was 11 days after their last day. They ...
Got a fantastic quote from a contractor from the neighborhood that approached me when I purchased my first rental. Stupidly gave him 50% up front for "materials", then he went dark for a month and later found out he ...
Looking to get some insight as I look to begin investing in real estate.
Should I borrow money from my 401K to be able to pay my first rental in cash? Would use partial cash and partial 401k funds. The plan would be ...
I am very new to Real Estate investing and I am looking into borrowing from my 401k to buy my first rental property. Is it a wise idea to borrow from my 401k if I can take a HELOC out from my current home I live in? A...
I have an active employer contribution 401K and was wondering if I can leverage a loan from it to start with my first deal. The cool thing about it is this particular investment firm offers a 7.5% return to myself for...
Hey everybody!I was wanting to see what you do in a situation when you reach out to tenants about lease violations and they do not respond to you.For example, if a resident had a dog they were not paying for and I not...
Hi all –
Looking for some recommendations on how you are estimating future property taxes on rehabbed properties. I have a client I am working with who is interested solely in purchasing recently rehabbed SFH as a p...
I'm trying to navigate my way around the best option to finance my 1st income property. I'm looking to invest in small 2/1 or 3/1 single family houses in the lower income neighborhoods of the city where I live. They t...
I had a tenant who did not pay last month's rent. After she moved out, she sent me a text that I should cover it with Security Deposit. She left without cleaning and some damages and without a forwarding address. W...