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Hello! We are new homeowners, new to this site and have just started on the path of REI. We bought a house in Mt. Washington (Pittsburgh) in June 2017 through a Fannie Mae HomeStyle Renovation Loan. We first made an ...
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Is there any way to avoid paying personal income tax when flipping a house?Could you hold it for longer than 365 days and only be subject to longterm capital gains tax?Alternatively, could you fix it up and call it yo...
Hello,What is the best way to manage and communicate snow cleaning responsibilities to tenants. In my area it's not possible to hire a professional who would come and cleanup whenever it snows for a flat yearly fee, I...
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In some areas of the USA, it seems like the people interested in buying homes are disappearing. Perhaps too many have been taken in by the mortgage scams. Perhaps they have a friend that lost their home after 15 years...
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Anyone having major success with only buying SFH and renting them out to tenants to make good cash flow each month and re-investing?Also, if you increase the rent each year, does this mean you can get a higher cash re...
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Hey guys, I have just closed on another quad-plex this month, and will increase my total units to 20, does anyone know of a good software to keep track of tenant expenses / repairs? Make reports, etc.They are all self...
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Hello BP,I have a 20 year old single family in Indianapolis that has a problem with the outside AC unit. I received a quote to replace the unit with a used one for $920 or replace it with a new system for $2940. We h...
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Good read. And it begs the question, if you're new to the game, how do you prevent professional tenants from moving in and taking advantage of your lack of experience? Indianapolis' worst renter owes thousands, but la...
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Hello, My future father in law bought a property in 93 which is an 8-plex in LA for around 300,000He owns his own home currently ( beautiful home)and owns a rental also ( I don't know when he purchased this)He also ha...
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I moved some tenants in yesterday to find out there’s a mold problem in the kitchen. If it takes a week or two to mitigate do I have to move the tenants out? I’m not sure how the laws work or if there’s some defined s...