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Hey, I'm new to the investing world and just requested the 1040 Schedule E from the seller. As I was reading through it, all the numbers looked good to cash flow with, until I came to depreciation expense, which was $...
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I was just over to my garage , I was getting a refrigerator to replace a bad one . I rent a house there too . I go up to get some water out of the hose and .................nothing ( house is on a well ) . So I go ar...
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Hi BP!
My name is Cheryl and I live in New York City but my current focus is multifamily investing in Ohio. I'm currently getting my real estate education in multifamily while also marketing for deals and d...
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I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
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Hi all, was wondering if anyone can chime in on some thoughts I have on a nicely rehabbed turnkey opportunity I am considering.
Great suburb neighborhood, strong rental demand, low crime.
Purchase Price: $90k (recen...
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My lawyer recommended talking to a CPA about my rental properties. I've never used one before (I've done the itemized deductions by myself once--last year, with Turbo Tax--for my rentals).
Do you typically have the ...
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I am wondering how I can account for cash expenses. I have a rental property that I did not have time to paint so I paid a friend cash to paint the rooms over the coarse of a few days. I am wondering how can I track t...
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I am looking to buy my second duplex in Cleveland. Taxes in the "Heights" cities are high. Is it too rare to have taxes reduced? What I mean is that some properties that are listed around $100,000 have taxes as high a...
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Hi everyone, My name is Aaron Deacon, I am 22 years old and am currently looking to pursue real estate investing (focusing on multi-family dwellings). I have had my eyes on the market for about a year now moving from ...