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This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income." The question is ...
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I backed into REI a little over 2 years ago. i chose the buy and hold method and i have no real complaints so far. Just looking for someone with more experience to give their opinion or tips. I have two single family ...
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... over 5/1 ARM for investment propertyRight now the 5/1 ARM seems to be 1% below 30 year fixed (lets say 3% and 4% for argument sake)For the first 5 years I am saving a large amount of cash. After 5 years 2 scenario...
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Hey! I recently purchased a property and am in the process of converting the basement into a legal suite, It is going to be a two bedroom unit. I was wondering what people’s opinions are on putting a dishwasher in the...
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Thoughts on what I should do to spruce up the curb appeal on this house? Appreciate all suggestions. Yes, there's snow on the ground. I realize it's summer now. Old photo. Same house. ;)
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Here's a slightly interesting one(I think). I've got a 5-unit building, and I recently installed a washer and dryer in a storage room that can be locked. I gave the option for all tenants to pay $15 extra a month for ...
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Hey bp, just had a va appraisal done and everything went well except for the chipping paint outside. I do have shake siding which would be very time consuming to paint the entire house. Anyway around this?
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Hey all! If you are trying to squeeze a washer/dryer combo into a small space, here are a couple of articles from my favorite appliance blog. LG WashTower - https://blog.yaleappliance.com...LG WashTower with heat pump...
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We have a new tenant about to move into one of our rental homes. The previous tenant violated the lease and smoked in the basement. The new tenant says she smells smoke throughout the house. We have washed down every ...
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Hey BP, I need help!Quick details, sorry for length. I’m under contract on a house and my inspections and appraisal just came back. Appraisal value is 120K with comps around 135K+ & the current purchase price is 1...