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...
My tenant came home this evening to find the sewer backed up into the shower in his one bathroom. We are getting a plumber out here immediately. He is going to stay in a hotel tonight. Do we owe him anything for the i...
Hi BP!I'm comparing insurance quotes right now for an owner-occupied duplex in Sacramento. All the quotes default with no flood or earthquake insurance. For my CA people, do you carry earthquake coverage? Why or why n...
In the realm of real estate investing, the IRS sets guidelines to differentiate between active and passive participation for tax purposes. Understanding these rules is crucial as they impact how investors can deduct l...
I feel I should preface this by saying that the tenants were ones I inherited for only two months. The first time I went to a showing on the property I noticed that there were appox. 10-15 piles of dogs poop on the 2...
Hi Folks,I cannot understand why more people are not talking about this. Renter:Imagine I am a renter in Bay Area and I wan't to buy an average $1M home here in Bay Area and want to put down a decent 25%. My loan woul...
First time posting here.TLDR: I am a new RE investor and have questions regarding long term wealth generation through RE.My Background:I am 23-year-old recent college graduate looking to purchase my first home/investm...
Is there an alternative to doing a irs 1031Exchange. Rolling to a alternative temporary. If replacing property can not be accomplished in time?
At great personal cost, it appears that my wife and I will be receiving an inheritance sufficient to pay off our house and possibly allow me to retire very soon. What are the tax implication of such a transaction? W...
Hi,we recently changed property managers after having the same one for several years. We started to have issues i.e. checks were starting to come in late, hard to get in touch with, and so forth so we were happy to he...