Matt Maves
Schedule E supplies or depreciation?
I'm curious as to what is considered "supplies" or "cleaning and maintenance" and also if I need to depreciate.Each year I purchase a lot of mulch and annual flowers for my rental. I do all the work myself. Would I ...
Michael Roetzel
House has to go through probate?
We were set to close on a single family residence this Friday, when yesterday my realtor and I received word from the title company that the house would have to go through probate. But I'm not sure why. From what I ga...
Alejandro Tirso
Making an Offer on Pre-foreclosure
Hello all,I’ve found a property that’s in pre-foreclosure in NJ. I’m wondering how financing on these works. Could I get a conventional mortgage if the house is in livable condition? What do I need to get from the ...
Marilee Haney
Estate sold via sheriff auction, heir just found
First my apologies, I was unsure which forum. Short version: Owner of property died 4 years, 11 months ago. Property sold at Sherrif auction in October with final hearing for release of funds on 12/11. Direct heir...
Jose Ortega
70% Rule Repair cost or Appeal cost?
When applying the 70% Rule to evaluate a property. Under "Repair" cost, do you evaluate what in fact "NEED" to be replace because is damage or you add a "REPAIR" cost because you want to upgrade?
Example: a floor is ...
Rick Howell
Play by the Rules: 5 Steps
Rules provide structure to our world. It is no different in the investment property world. Without rules, staying focused is difficult if not impossible. Working without a good framework will likely leave you feeling ...
Rachel Garbett
Utah investors networking
Wanting to connect and gain utah networking for my husband around the utah county area or further if necessary
Jesse Smith
Opportunity Zone Benefit Look Back Period? Tax help?
I'm probably out of luck here, but I'll ask anyway. On October 4, 2017, I sold $75,000 of stock ($11,500 capital gains) to invest in two local properties. When the Tax Cuts and Jobs Act identified Qualified Opportun...
Frank Jones
No comps dilemma. Can you get a mortgage with only 1 comp?
My son is trying to buy his first duplex using a 3.6% down FHA 30 year mortgage. He's going to live in half while he does some remodeling. His offer has been accepted and he has been pre approved for the mortgage. His...
Cody Beard
Buying a second home - renting the first
MY wife and I have lived in our house for almost 2 years. We saw a home for sale a few days ago that caught our attention and we are considering the idea of moving but trying to keep our current home to rent. I believ...