I had hired Omni Property Management (owner Samuel Singley) located in Clovis, CA to manage my property before two years. Before few weeks when I contacted him, his wife Joanne Singley told that they are retiring and...
Hello everyone, I'm very close to closing and I'm having last minute second thoughts on whether this property is truly the wisest first choice. I hope you guys are having a nice Sunday and can give me your thoughts an...
I am running into an issue getting a HELOC on my primary. Although I have $300k+ equity, $2M in business assets, absolutely 0 debt except for my current mortgage, and a credit score so clean you could eat off of it, t...
Let's say you do a cost segregation study on a short term rental and with bonus depreciation you have a loss of $100,000. Does that roll over as a credit for future income or do the IRS actually send you a check?
I am not sure if this post is me just venting, or use it as a warning to other landlords. I had a tenant whose business was shut down by the city of Chicago for unlawful activity in my commercial unit, to dispute th...
Hi, this post is relevant to Canadian residents who are investing in US rental properties. With regards to setting up a company structure for these properties that will avoid double taxation on rental income in US and...
I was recently approached by a motivated seller that's is currently upside on his mortgage. It's a condo that currently is worth 70k, and he owes 90k.
Between condo fees and the existing mortgage, operating expenses...
Hello World!I stumbled on this site last week and am hooked! Really looking forward to getting involved. (BTW love the podcasts! they were my late night driving companion as we came back from vacation this week 😀).I'm...
Hi All!
Looking for a little guidance here for my STR that I just purchased in Puerto Vallarta, MX this year. Things are already working out really well, but I know I'm going to hit questions/issues come tax time. I ...
Hello,
I am an out of state investor and I am about to close on my first duplex. I wanted pick your brains on property management. I am planning on managing the property myself. What do you suggest is the best practi...