Jose Duque
Home office/storage room IRS audit
Hey all. This year i got a dreaded letter from the irs asking to provide more information on my rental property. In own a 2 family with 3 rooms each. I live in one of the two apartments in 1 of the 3 units. The other ...
Mackal Smith
First 8 unit and Insurance is really hurting cash flow
Hey all,Up to now I have only bought 2,3, and 4 unit buildings. I have 15 units total and have had a lot of success so far. I just got my offer accepted on my first 8 unit apartment building. I ran my numbers includin...
Carlos Yoneliunas
Tenant to maintain property
How do I influence/motivate a tenant to want to take good care of their house? I want them to fix small problems themselves, do routine stuff like shoveling and mowing, and call me if there's a problem with the house.
Robb Werner
Looking to Learn More About Taxes With Real Estate Investing
Hello All,
Ive read a lot about the 1031 exchange and the live for 2 years and own for 5 years rule. Ive also heard of people using some rehab costs as tax writeoffs? But other than those few laws I've learned from o...
Ashley Chris
Tenant trashed, vandalized & abandoned my rental in Phoenix, AZ
My tenant, who I thought was a good tenant until last month, shocked me. On the agreed up on move out day/time, he was no where to be found and all the doors were left open. Story, Inside the house,- blinds were missi...
Jared Stokes
Is a cash deal on a rental a loss until I recoup my money?
Basically if I buy a rental house for 75k cash and rent it for 750 a month it will take me roughly 10 years to get my money back. In the mean time is it a loss? I already paid income tax on that money, I saved it in m...
Philip Johnson
Flipping but won't be done until next calendar year, tax advise?
Hi,My first post!I have a house that I am doing a full-time live-in flip on. I am complete rehabbing the front unit, and then adding on/converting garage into 2 bedroom house.Problem is, I won't be done until next ye...
Alfred Litton
Why not ACV instead of RCV homeowner's insurance?
Just a question to elicit opinions. If as an investor, I would NOT choose to rebuild if something catastrophic (tornado, fire, etc) happened to one of my properties, why not carry ACV instead of RCV insurance. If my...
Serge Shnayder
Insurance & Trusts
Hi,I am new to this forum - but thought I would give it a try - since I've really enjoyed reading lots of the posts on here.Here is my real estate history:I own 3 properties around the Boston area. I live in one and r...
Richard Chang
Exchange - Rental Property to Commercial Property ?
Hi all,I have a duplex in Orange County, CA that I have held for 25 years and I want to consider an exit strategy. I have deducted 25 years of depreciation which would need to be recaptured on normal sale ( ouch ). So...