Exploring pros and cons and also evaluating what option provides more advantages to w2 earner in terms of better tax deductions - A. Syndications: will get K1 form, what does it include ? prop tax,mortgage interest an...
I bought a rental property in Cook County IL mid 2017 and 2016 property taxes was around $2000. It was a foreclosure and there wasnt any homeowners exemption. The property only needed a light rehab (paint, new floorin...
I have an inherited tenant from a property I purchased from a tired landlord.The tenant is great: pays on time, takes care of his own maintenance, also agreed to pay higher rents to match market prices, etc. He's a sm...
So my contractor is complaining about how hes not making any money and completely under bid the job. I bought the house based on his bid then i even helped him out and raised it another $8,000. Then again saying hes n...
Coming across this website and the Financial Independence subreddit, I've gotten an itch to increase my rental real estate portfolio to start generating residual income. My wife and I sat down together to look at our...
This article posted on the Wall St. Journal site was interesting.
http://online.wsj.com/article/SB10001424127887324761004578282240778834074.html
It talks about people losing interest in stocks. It doesn't mention t...
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Hi all- I have a condo I rent out that I originally obtained through a first time home buyer loan. Well my lender sent me a letter because they noticed this isn't my primary residence anymore and the loan states that ...
I have never listened to a pod cast before.. but I thought I would try one on BP and listened to one last week about a nice young man who is buying out of state and was all excited about it.The really important factor...
5 years ago, i advertised my house for rent for $780. a lady said she has a section vouch for $760, but she can pay the difference of $20 from her pocket. so we signed the lease for $780, but she changed the amount to...