Reed Dworski
How do you treat court costs paid by tenant on federal tax return
I had to file for eviction three times against a tenant last year and paid about $100 in court costs. The tenant paid me back for the court costs and is now current on rent. Should I treat the tenant payments as pa...
Juan Delgado
Newbie from SoTx
Hi all! My name is JD and I'm 40, hungry, motivated and with no safety net so I have to make this work.
I have about 17k cash and possibly leverage a cc with no interest until 2017.
Will be getting my real esta...
Account Closed
BUSINESS CREDIT ADVICE !!!!!!!
Hey guys, I am wondering if I should establish business credit for my real estate venture first. I am ready to pick up my first rental property but, I am just not 100 % sure. Any help will be greatful !!!!!
Leigh Ann Smith
Active vs Passive VR Income, If active, can you claim losses?
I've been reading all the IRS pubs about rentals in general and specifically about VR's. We are a sole proprietorship. Since we plan to handle all of the management ourselves, we will be providing "substantial servic...
Muhammad Sharif
Booming Texas Market
The market in Texas seems to be getting better and better every day (Specifically in the Houston Area). For any investors in Texas I would love to hear how your deals are going at the moment and any advice you woul...
Jeff Hink
What would you do to reach your goal?
I have a three year goal of $150,000 income/yr and a ten year goal of having a net worth of $2 million. What strategy would you use to reach these goals? I have been investing for almost three yrs and mainly fix and...
Tiffany Campbell
understanding a wholesale calculator
has anyone recently used the wholesale calculator. im testing a deal im looking into and from what i put in t seems to be confusing cause this is what i get... According to the data you provided, you can afford to off...
Cathie Kovacs
NACA with 1031 Exchange?
Hi everyone. I have a NOO 3 family (soon it will be the only property that I own) and have been considering a 1031 Exchange to buy an OO multi-family. NACA requires that applicants not own other real estate in order ...
David Galvan
Renting for less than monthly mortgage
Hello all,
If I rent out my property for less than what my monthly mortgage is for that property, am I able to get some type of tax deduction when I do my taxes? I heard something to that effect, and just wanted to g...
Nadiya Lonkevych
FHA 203k Certified Contractor in Ellicott City, MD Ared Needed
Hi guys,We made an offer on a very old house and it was accepted. There's quite a bit of work to do, and we are financing it with a 203k loan. So we are looking for an FHA certified general contractor to orchestrate a...