Jason Harkless
1099-Misc for Section 8 rent collected
So, my first year receiving 1099s for rental property and the local housing authority issued me a 1099, while the 1099 my PM issued including ALL rent $ they received, effectively meaning the IRS thinks I made more th...
Adam Philpot
Buying a foreclosure at auction.... help
About to bid on an occupied foreclosure at courthouse auction next week.
I think I’ve done all my research but someone told me yesterday that the current owners unpaid FEDERAL taxes could come with the property. Is t...
Julie Cho
Midterm rental for positive cash flow in Vancouver area?
I am going to take possession of a pre-sale condo in Burnaby, BC in August. It is one bed, one bath, "luxury", around 600sq ft. Purchase price was $380K, similar units are now selling at $650K so I have built up some ...
Account Closed
How Should I Depreciate a Sewer Line on my Taxes?
I had a sewer line collapse in my duplex last fall - the old clay pipe collapsed, causing black water leakage into my basement and I called in Roto Rooter for an emergency containment and restoration since I had tenan...
Alexandria Harden
Interest calculations on hard money ?
I am looking into getting a hard money loan for the first time and was wondering how to calculate the interest to make sure the deal is still a good deal after there interest. Rough numbers are it’s a 2 building 10 un...
Shane Sitzman
Intro and Beginner LLC questions
Hi, great forum! I'm excited to be here and excited about REI. I live in and am investing in Las Vegas. I am partnering with my sister and we are creating an LLC. My sister and I are both married. Should I includ...
Mary McGinty
Phoenix duplex added to my real estate portfolio
Investment Info:
Small multi-family (2-4 units) hard money loan investment.
Purchase price: $620,000
Cash invested: $145,000
New construction duplex build in 2022. Each unit is a 2 bed, 1 bath with...
Mike M.
Solera and Rocket Dollar end of partnership
Anyone else dealing with the Solera and Rocket Dollar split? They are at each other's throats and making negative claims against each other. Customers are caught in the middle and it's a difficult place to be. Cust...
Jason Mayers
Refinance cash out
I’m using the brrrr strategy do I need 6 months in reserves to refinance I used hard money to purchase & rehab
Casey Miles
Looking to expand my rental portfolio into Houston. Have some questions.
Hello, I've been working in the Conroe, TX area for over a year now, I live in and own rentals in AZ. I'm hoping to get some feedback on investing in TX. It's seems like a no brainer to invest in the Gulf Coast right ...