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New investor here!We had to replace our refrigerator in our rental, due to the old one breaking. Is this a Capital expenditure or an operating expense?I'm also wondering what the advantages are of classifying one as a...
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First time buying a home. Home is in Massachusetts. Will be renting it out. Any clues on how my year end taxes (not property taxes) will be impacted by purchasing a home, and now having more income coming in. (besides...
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Any agent who work the Terrell, TX (Kaufman County) area and can provide a reasonably priced BPO / Detailed Market Analysis on a tenant occupied property, please reply with your price and availability. Tenant is easy ...
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All investments carry a certain amount of risk. Some of the most common risks involved in a “buy/fix/sell” strategy are fluctuations in supply/demand of housing in the neighborhood, incorrect estimation of repair cost...
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My mother owns a working farm in North Texas that she inherited in the late 90s. She is considering selling a portion of the property for another investment that would not be a candidate for a 1031 exchange. My questi...
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From a modelling perspective what are the typical seller costs (fixed or % of sale price) that you model for closing costs on small, 10 - 20 door properties?- Broker’s commission(s), Title, Recording, others?Which of ...
We are purchasing a home and plan to rent it out for 6 months while we draw plans, apply for permits, etc.The construction/renovation will take another 6 months, so we will have property for over a year.Does this move...
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I got a land contract during the COVID problem and the sales dried up making it so there's no compareables for an appraisal. Of course, this in turn made it impossible to obtain a loan. I wanted originally to use ...
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How did last week’s winter blast affect your closings? So last week we had two scheduled closings. We had a closing to sell a property which the closing office could not close due to blackouts and such. We also had a ...
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Hi all,This year, my fiancé and I bought and moved into a house, and started renting out the old house. The old house is in just my name (the new house is in both our names). Both our names are on the lease as the lan...