We bought a property. SFH in south Florida. We’ve moved in and are redoing the floors and kitchen and some other things. Well, my job is relocating and we will have to turn this home into a rental come Spring/Summer a...
Our group invests in the southeast and midwest market . We are looking to look into the Los Angeles market as the market goes to a downturn.
Questions:
1. What are the typical cap rates for A,B, C markets in LA to...
I recently bought a property (using BRRRR strategy) but we had an offer in on one that just didn't work out after inspection. I'm using classes in Quickbooks to keep track of my properties but how do I classify the ex...
Hi, I know the rule is if a person inherits a property there is a stepped up basis for capital gains purposes. Does the same rule apply to depreciation? The property in question is purely a rental and would stay that ...
I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....
Cross Posted here Hello,I am in VERY early stages of possibly being able to buy a portfolio of properties from a local investor who is well into retirement and might be ready to bow out. For simplification, Ill use...
I was about to get my first fix and flip under contract with a wholesaler. I negotiated the deal for $55,000. My wholesaler sent me the purchase agreement and his assignment contract, but I noticed he has me (buyer) p...
Here's a some lengthy, but very interesting and well researched paper on the economy in general. Focused on consumers overall, but a lot of material about housing. If the author is right, we've not seen anything yet...
Hi all- I may have interest in the long term of converting a primary residence to a rental. With an area having a 10% restriction limit on amount of properties that may be approved to rent, would you recommend not pur...
Hi all, I've just subscribed a few days ago and have been reading various posts and info...I must say, great source of education and inspiration. I have a basic question if I may...after describing 2014's scenario:My...