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I am in the process of renovating a rental property through an insurance claim after a recent fire. Appliances are not included in the insurance claim of what's being covered by insurance since that falls under "perso...
So the new tax plan was finally unveiled and I noticed it curtails deductions for business interest, but there are "special rules" for real estate and small business. Can anyone confirm....are we still going to be a...
My house in California was rented for three years by a 3-person family. My tenants moved out on June 30th. When I went there to do inspection, I found out that there is a lot of work and only a normal cleaning service...
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I'm going through a situation where I will have to hire a Property Manager as I will be long-distance landlording. My home warranty is up for renewal and I am weighing the options.Is it overkill to have both a Propert...
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I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
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Good day to all,
I was asked by a local landlord for some advice how to deal with a tenant he is having problems with. At the beginning of the month of May tenant replaced a toilet without a landlords permission. Th...
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Hey everyone,I'm evaluating a small apartment complex, over 4 units, less than 12 and was wondering about financing.Is this going to be difficult for me to get without any other deals done?What's the minimum down paym...
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Hello,
Say I buy a triplex multifamily home with fha loan and I rent both units and I live in one and the mortgage is $5000. Then after 1 year I move out and buy sfh to living and rent the third unit in the multifami...
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I just purchased my second rental house and I am getting it ready for my new tenant to move in. I am doing the standard (fixing up the inside (painting, minor repairs, etc now). I plan on keeping this house for at l...
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Hi All,I am set to close on a duplex in Milwaukee and I am running into an issue with securing a credit at closing for the security deposits and prorated rent on the property. The real estate contract says that the se...