Justin Fox
Borrowing private cash.
So when borrowing money you have the interest rate and term. What are some other 'perks' in an investment contract the private money lender will look for or consider standard? I guess an example would be an early pa...
Jonathan Ruiz
Braaaaaand new to investing !
Hi all! Please be gentle on me. Just a few thoughts...are their any kind of "rule of thumb" goals to follow when purchasing rental property? Is it okay to purchase property with standard financing of 20% down? Is that...
Ashley Jemison
Contract Details
I am currently under contract with a distressed seller who has a $30k mortgage on the house. I've never dealt with a seller who owed money on their house. Is she obligated to pay that mortgage off or is my cash-e...
Charlie Moore
Should I Use Security Deposit to cover late rent FEES?
- Should I keep the whole security deposit if they have violations in the lease and continue late rent?
Elisa Duka
How to invest in a property if equity doesn't cover it all
Hello!I own a property in full (no mortgage or loan) and the equity that I can pull out from it would only cover about 60%-80% of another investment property that I'm looking to buy... my question is should I get a mo...
Mike Stone
minimum info needed on form 4562 when there is a new sec179 item?
I have a very simple case where I have rental property that I have owned for several years. each year I have submitted a very simple 4562 that shows an entry in PART III line 17 for MACRS deductions for prior assets...
Brandon Ja
Are add-ons a capital expenditure?
Good day my BP family. It's been a few weeks since I reached out but I am moving into the remodeling phase on my property. Long story short, I have a 3 bedroom 2 bath single family house in the Virgin Islands. It h...
Susan O.
Insurance spec questions in Carlifornia - duplex,
Hi we have some rentals in southern California. Rental single houses, duplexes, triplexes, quadsI am planning to overhaul all insurance- I have State Farm and I think they charge a lot but I have nothing to compare f...
Bruce W.
Does President Trump's new tax plan threaten 1031 exchanges?
There have been many rumors from various sources recently about limiting the 1031 tax-deferred exchange. Now we see that the President wants to eliminate all tax deductions, except for mortgage interest and charitable...
Amorette Mason
I wish I knew then, what I know now - Landlord Tax Edition
Hi! I’m working on an end-of-year newsletter for my clients that are first time landlords. I am wondering, are there any questions that you remember having (or have) as a first time landlord that you wish you knew th...