Ken Hipp
Are all reno costs part of the initial cost basis?
I bought a foreclosure(3 plex) in Feb. $55,000. Renovated ($30,000) til May 1st when I rented it out. Are all reno costs part of the initial cost basis? I also did another $20,000 in siding, windows and roofing durin...
Shaneel L.
how much to deduct? 100k income a year, 100k house?
I had a question, lets say someone makes around 100k a year. They would end up paying 17-20k in taxes... whats the best way to file it?
If you buy a 100k house and paid it off what happens then? you dont pay that m...
Ericka L.
First time home buyer duplex ...what would you ask seller to fix?
Hey everyone, I'm a first time home buyer under contract for a duplex which I'll live in and rent the other side. I just got the inspection report today and I'm wondering what you would have the seller fix before we c...
Don Hines
AS is + Home Warrantee?
I know a home warrantee is just an insurance policy.
I am going back and forth on a FNMA property. They countered back that the property is sold as is. But, they are offering a home warrantee.
The house has some foun...
Chris Sullens
Are all costs prior to placing a tenant considered purchase cost?
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Paul Lucero
Do I need a Sales Tax License for repairs
I'm having trouble finding this on the web, probably because it's simpler than I'm making it out to be. In Colorado. I was going to charge a cleaning fee of $50 dollars, but I will need new drip pans. Would I just ...
Michael Cross
Closing on Duplex of Previously Evicted Attorney - Stuff in Unit
I am under contract for a 4 and 2 unit where 1 unit was previously used by an Attorney who had to be evicted. He left a lot of stuff behind. I do not want this to be an issue after closing with the Attorney. I have as...
Andrea P.
PM replaced the keys
The property manager replaced the keys for the new tenant.
Is this a common practice?
Does the landlord have to pay the keys replacement?
Robert B.
Propstream vs PropertyRadar?
What do you think? Needed for traditional REI up and down East Coast.FYI - here's the comparison chart from PropertyRadar's website:https://www.propertyradar.com/...
Fred Stevenson
estimate/recommendation for repair work on SFR in Birmingham, AL
I'm trying to sell a house in Birmingham. Interested buyer had an inspection done, and I need several items fixed, inspected or replaced. My property manager is going to give me a quote, but I don't want to rely solel...