My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?
Have any of you ever been threatened, robbed, physically attacked, or felt your life was threatened by either a tennant or a prospective tennant?
I've heard of "tennants" calling to look at a property they want to re...
good evening everyone! I have a question which I was asked and since I'm not a lawyer or have experience this maybe someone on BP has. Tenant been in the property since 2009. She sign...
Where do you find serious buyers that purchase NPNs/Commercial property. I don't want to deal with "tire kickers". It seems like everyone just want to circulate your list and it comes back to you with an even BIGGER p...
I'm interested in purchasing property for potential Airbnb or long term rental in the Lake Arrowhead/ Crestline, or Big Bear Lake area. Currently a Los Angeles resident. The main issue holding me back is fire risk, es...
Hello BP Community,I finally picked an area that i am interested in investing and would like to know if anyone has any experience with the following property management companies in Memphis TN?1. Renshaw2. Crest Core3...
Hi, I have my eye on a fire damaged house going for 75k in an area that comps for 200k. The numbers look good but I have never dealt with a fire house. Walls and structure look good but the entire roof will need to be...
Hi all,I know there have been dozens of posts re: LLCs but I'm having a hard time nailing down specifics. I understand I should consult an attorney and CPA for the nitty gritty, but can someone please walk me through ...
Hello everyone! I`m in the process of buying my first rental property with tenants living in the house. What would be the things to do before closing escrow when it comes to inhering tenants in investment property? An...
Hi -- Let me start with the back ground before I get to my question. I just recently purchased an investment property. Shortly after taking possession of the building, I increased the rents. I gave them the requir...