Derek Markowicz
First time landlord advice.
Hi, I am moving out of my main residence (single family home) and plan on renting the property out. I have found prospective tenants and doing my screening process (thanks to the advice I have received from the forms)...
Jonathan Polanski
I'm tired of the little deals
I want to purchase a building anywhere as long as it's not in a D class neighborhood, or some place expensive like NYC or California. I'm tired of fighting with these investors with these crazy bidding wars in my area...
Guy Yoes
Excel, quick books or ? for REI financials?
My list of properties has more than doubled this year. I was tracking expenses with excel spreadsheets. I am hiring a CPA to do taxes this year. He recommends getting quickbooks. Is it worth the monthly fee, time sett...
Minsu Goo
New to the rental property investment, any help is appreciated!
Hello! newbie here, what a great forum with lots of info!
So long story short, I've been looking into buying a rental property.
Found a property that looked promising but nowhere near 50/2 rule.
Not really showing muc...
Jerry Evans
I need another pair of eyes, please, help analyze this deal
(11 unit complex)Asking Price: $80k 25% down: 20kMonthly rent(s):5k Property tax: $282($3,380, 2015 tax year)Estimated mortgage: $250 (20 year loan)Utilities: $425Vacancy: 10%= $500Repairs: 20%= $1000PM: 10% = $500To...
John Finch
When is a house required to be brought up to code?
I'm looking at flipping a house within City of Houston (this would be my first). It was built in 1952, no signs of code updates (electrical, smoke detectors, etc). If I'm thinking of doing a rehab on this property (it...
Ronnie Sparrow
Security deposit
Where do you put the tenants deposit? Is it OK to keep in the business account or does it have to be placed in a separate account from the business? Example: we have a business account at Chase with a checking and two...
Derek Williams
Hooking into city sewer
I'm looking at a purchase of a small seasonal park in an area that's going through a big growth phase. As part of the growth, the city is extending sewer to all properties in the city limits and requiring sewer hooku...
Diane G.
Been IRS audited upon sale of rental property??
Have anyone been picked for IRS audit upon sale of a rental property?How many years does IRS go back in terms of checking the reported expenses and income, and the accumulated gain/loss over the years? If you read t...
Anthony Klemm
SEC registration and exemptions
Newbie here with some questions...
I've been reading a bit about syndications and how they function as a whole. I understand that they operate in real estate under one of a few exemptions from registering as a securi...