Ben Kirchner
Claiming rental income, and taxed/recognized.
I'll be closing on my first rental property in January. Therefore, it won't be until next year that this will impact my taxes. I was curious to how people claim their rental income, and how it's taxed. Is it taxed ...
Lenny B.
What should be the amount of Umbrella insurance?
Hello everyone,I've been trying to figure out the answer to a question about how to come up with the amount of umbrella insurance coverage I need. I used to have $1M umbrella, but my insurance agent says I am signific...
Matthew Davis
Canada rental property opportunity
Hey BP,Wanted to run a potential deal past the community to see if it is something worth considering as my first rental property investment. And is pretty much the max I can afford at this time.Details:
Single family...
Phil C.
Any Building code about putting concrete blocks on ground?
Hello colleagues,While we started working on an apartment building (15 units) at Atlanta downtown (GA), we were told some strangers drove cars through the parking lot to the lawn backyard during some nights. Tenants a...
Account Closed
Lease Options In Texas
Okay so I know lease options are pretty much dead in Texas but I was wondering if anyone was still doing them? Also my CPA recommended another stradegy of1. Sign a Year lease contract2. Sign a purchase contract with a...
Stephen E.
First and last - when?
I am leasing a unit at the moment and it causes me to think about leasing practices. I usually ask for first and last month's rent at lease signing, which can be anywhere from a week to a month before move in date. So...
Aaron Webb
Insurance covering tenant damages
Hey guys, I have a friend who's getting moved by his job and is putting his home on the rental market. His insurance company is trying to sell him insurance to cover tenant damages that is nearly as expensive, if not...
Charlie Moore
Chasing rent money!!! C class
Why? Or why not? Should I chase rent money.... c class properties
Nikki Lee
Keep rentals or 1031 them to a Delaware Statutory Trust (DST) ?
Should an investor keep his rental properties or do a 1031 exchange to several Delaware Statutory Trusts (DST) ?Scenario:- The investor currently has about 10 rental properties that are all paid off.- The investor's n...
Sam McHargue
How would I afford a $600k property on an e-4 salary?
Hi,I plan on join the military soon, and due to the mos I’m choosing i will probably be in san diego. My question is how do I get funding for rental properties when I make so little. I would like to buy a fourplex, an...