Derek Hacker
Rental Property - Paying more towards principal each month?
Hi Everyone,Looking for some advice on my first rental property. Property details:Loan Amount - $324,000Rent - $2900/MonthRevenue/yr after PITI - $7570The current mortgage amount is $1466 and I am paying an extra $24...
Michael Layne
Looking for a rental property in East Lansing
Hello all,
I am a real estate agent in SE Michigan, and a client of mine decided that she wants to buy a SFR property for her daughter while she is going to school at MSU, while also renting out the remaining rooms a...
Account Closed
Rental Property to Purchase For Rent - Poor Parking
Good Afternoon,I have a single family home that is up for sale that i'm looking to potentially purchase. All the numbers work out well in my favor. The only down side is that there is literally only 1 parking space an...
Buyan Thyagarajan
Strategies for purchasing rental properties with 20% down
Hi Guys,I am a new investor and have purchased my first rental property in Delaware. My goal is to get to 10 rental properties in 10 years to build my assets. I am struggling with coming up with 20% down payment for e...
Awais Sheikh
Some insight needed in this potential rental property
Hi EveryoneI was just browsing though some multifamily in St Louis MO. Saw this one: 1287 Amherst Pl,Saint Louis, MO6311212 units for 402K, rent around 700/m each. Sounds like a potential deal. But obviously I don't k...
Dave Luu
Rental Property tax (F1040 Schedule E and F8582)
Dear All,
I have a question on my two rental properties:
One property has a profit this year ($2k profit, but carry over loss is $30K); The other property is a loss ($4k loss, carry over loss is roughly $25K).
Lo...
Jack Tucker
Vacation rental property management - What's the going rates?
So as far as Google can tell, there are not any vacation rental property managers in our area. Because of the unique dynamics of a rental property, it takes a special skill set. We are in Athens Georgia. Our current...
Andy Lam
Rental property placed into service a second time
I have a rental property (a condo) that was placed into service 2004. I started taking the 27.5yr depreciation that year, but stopped in 2010 when it became my primary residence. However, in 2015, I placed it into ser...
Pham duc Tai
Need Help On My 1 St Rental Property
Hello.
I'd like to do out of state investing and quite interested in turnkey investment. I have a few questions needed expert help (sorry if my english is bad).
I'm on quite tight budget (max 110k home). I scanned t...
Hallie Renee Conway
Help with Redemption of Rental Property in Alabama
We bought a rental house in Alabama that had been a foreclosure and it was still during the 1 year Right of Redemption period when we bought it. It was foreclosed for 75k, someone flipped the property and we bought it...