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We are planning to turn our primary residence into an STR at the end of this year and are looking to take advantage of accelerated depreciation if we can meet the REPS requirements. To my knowledge I believe this is p...
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I bought my first investment property under an LLC this year. The house was purchased in October and is still in rehab. I was told that since it’s not “in service” that I won’t be able to deduct my expenses. Could som...
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Hi everyone! I'm getting ready to list my first large property with 3 separate units (Main Unit, ADU, DADU) on a SFH. As Landlords I'm curious to get your take on the below:-Which utilities (Electric, Water/Sewer, Tra...
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The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act as an innovative approach to spurring long-term private sector investments in low-income urban and rural communities nationwide....
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My new tenants on one of my properties signed a lease a couple weeks ago with a move in date of July 1st. When they saw the house my previous tenants were still in the process of moving out. New tenants signed the l...
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I own a condo inhabited by four unrelated individuals, which is legal in Raleigh, NC. As landlord I pay the utility bills and just don't get how each resident can use 86 gal of water daily. I was told that this is not...
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Besides looking at existing properties I've been researching modular/prefab build.
What I found so far, is that they are quicker and cheaper to build compared to conventional.
They also seem to be way more green!
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I'm in the middle of an deal for a legal two-flat in Chicago with FHA financing, but the numbers only work if I convert the basement into a livable space. FHA loan + expenses is $3000, Rental income with 2 units is $3...