Jesse Collins
Tenant Attempting to Break Lease Due to Heat
Hello everyone,
I have a property located a little ways outside of the DFW metroplex (east). It is a duplex. I am having problems with a tenant, and their heating/cooling. For context, this duplex was built in 1900 a...
Yvette M.
July rent not paid
I posted on another LL and would like to get y'alls thoughts on the situation:I'm on a merry-go with a POS tenant. I terminated contract with PM. All tenants were by PM notified that I would be self-managing beginning...
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...
Account Closed
For 50+ MF, how common is it to show a loss after depreciation?
Hi,My wife and I run an online retail business with extremely high "earned income". We want to start investing in real estate to offset that income by one of us becoming a "real estate professional". We don't spend mo...
Joanna Lenn
Tax man says "Become an S Corp" - thoughts?
Hey there! I own a triplex and I also work a full time job as a W2 employee. Due to the new tax law, my tax man says I should become an S Corp asap. This is based on my typical deductions every year - regardless of m...
Estefania Lozano
Tenant wants deposit
I recently purchased a new property. One of my tenants wants her $300 depot back, she had this lease agreement with the previous owner 25 years ago. He is in Thailand and she has no idea how to contact him. She also h...
Michael Melchior
IRA
Can anyone explain how purchasing real estate with your ira(or roth ira) works?
Michelle Felux
Service Call Reimbursement from Tenant on HVAC Filter Clog
Hello everyone! So we got a call this weekend in the South Texas heat that one of our tenants had the AC go out completely. Of course, we went through as quickly as we could to get in touch with our Home Warranty comp...
Marc Dufour
How soon can I sell my tax deed land?
I won an auction through a tax deed county sale in California. I would like to know how soon I can sell it, meaning do I need to wait the 1 year period during which the sale can be challenged?
Do I need to ob...
Trent Mettenbrink
My accountant says I need a separate LLC for every rental property...
We are new investors and are looking to set things up the right way. Our plan is the buy one or two properties a year. After talking to our accountant he recommended that each property by under its own LLC to protec...