Thomas Klein
Max out cash out Refi
Hello,My question is do I max out my cash out refi? I am refinancing my mortgage free single family rental property. I am able to take out 70% LTV which is around $262,000 on a value of $350,000. It’s currently rented...
Bryan Lowman
Creating an LLC to do repairs on rental property
Hello all
Looking to sell my first rental property that was previously my home. I have rented the home for over six years now and am wanting to sell it now. I will not be doing a 1031 due to the current market condi...
Paul Deras
Storage and inventory fees for contents after homeowners insuranc
I
am working with a PA after a large house fire caused pro 5 (asbestos)
contamination to our residence in Socal. We reached our contents policy
limit, but when I received the check I was shocked to find well ove...
Lizbet A.
First year doing taxes as a landlord
Hi, newbie landlord here. This will be my first year filing a schedule e form. I converted my home from primary residence to rental in May of last year. I’m trying to figure out if I can deduct mortgage interest for t...
Josie W.
Looking for a real estate CPA or tax accountant
I looking for suggestions on finding a real estate accountant or tax specialist in MN or remote. I have been doing my taxes with the same accountant for many years and he does a good job, but after reading some books...
Alicia Marks
Rehab caught fire- need remediation help
Thankfully no one was hurt and the damage is limited to a single wall. My contractors took lunch and it looks like an overheated extension cord right next to our pile of beadboard is the culprit. There's smoke damage ...
Mad Dendukuri
Purchasing Vehicle through LLC for managing properties
Hello:Newbie investor here. I have two properties that I am self-managing and planning on adding one triplex next year - this one requires a rehab. I have been reading that for the purposes of managing/fixing the prop...
Michelle Kozak
Should I Partner With a Contractor on a Flip?
I am a Realtor in Central Phoenix, which is a pretty hot market right now. I want to potentially do a flip but know just trying to find out where to start. I am wondering if I should partner with a contractor so they ...
John P.
New GOP Tax implications on Investment properties
I am in the process of closing on a Multifamily, 3 Unit residential unit in Chicago. The Bank is underwriting this as an investment property and the deed will be dropped into an LLC. Does anyone have clarity on how ...
IB Singh
The book on flipping houses
I bought J Scott's book "The book on flipping houses".How do i get Chart of Accounts for Quickbooks ?