Bryce K.
All Electric House to Forced Air
We own several all electric houses in Lorain County in Ohio. These homes (entire neighborhoods) were built in the late 1970s with 200 Amp service, heated only with electric baseboards. These homes do not have baseme...
Chris Simmons
Reduced Rent / Pay Tenant for Grass Cutting & Snow Removal
I'm a recent lurker, first time poster. I purchased my first investment property back in September...an 8-unit building. The previous owner was a bit laxed in his management style. He did not regularly increase ren...
Chad C.
When would long term gains be taxed as self employment income?
I currently work full time, and I have 10 properties that I have installment sales on, and they will be taxed using long term gains. I got the impression from my CPA that if I was to reduce my employed hours enough(or...
Alfie Park
Extreme Houston exurbs as an attractive cash flow play?
Hi,I am considering investing in my first rental buy-and-hold property here in Houston. I live in the Houston suburbs so naturally started looking here first. With the market recovery, it seems most of the properties ...
Account Closed
4-plex Co-op?
Hi! This is my first post, so here goes. I just bought my first 4-plex. It's in Cedar Rapids, IA. The purchase price was 113,000 and I put exactly 20% down. Each unit rents for 495/month... quick math would make one t...
Account Closed
Thoughts on this financial freedom plan?
Hey BPI'm in the early education/planning phase of my REI journey, laying out a road map to financial freedom, and I'd really like your input.I am leaning heavily toward a focus on multi-family rentals and want to see...
Gabriel Miller
best way to litigate against tenant that abandons property
Hello friends,In October I had a tenant abandon my SFR. They left the place a mess. Most of the damage was due to their dogs that were in the lease agreement but I wouldn't think that matters. Their security fee wa...
Michael Plaks
Tax reform Q&A Thread 3 - Itemized and business deductions
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
Here are a few definitions that you absolutely must know.
Bookmark this thread and use it as your cheat sheet for 2024.
Okay, let’s dive in:
Here are the terms that I’ll define in this thread:
-DEPRECIATION
-BO...
Dan F.
Cash Reserves needed with a robust HELOC?
Hey BP,I'm new to REI and just joined in early Dec. It's amazing the wealth of knowledge contained within these forums! Here's my situation:I just closed on my first investment property in San Diego two weeks ago and ...