Looking for guidance for how to handle rental income on my tax return this year:
1. Rented a room in my town home to a friend from May 2021 to December 2021. I live there as well.2. Made around $3k in rental income (...
I'm look at a duplex that have two tenants. 1 is month to month, and the other has 6 months left on the lease. With the stop on evictions, is there a way to find out if the tenants stopped pay the sell the rent? the ...
I'm looking at trying to set up systems so that when I take down a pool or tape of non-performing notes, I'm not struggling to manage them.
What software(s) do you use to manage the process of working the NPN?
Property Taxes Are 6.9% Of Alabama’s Tax Revenue, Lowest in U.S.
July 12, 2022/in Community Development, Economy, Featured, Government, Housing, News, Real Estate, Resource/by staff reports
Despite many economic exp...
Hi EveryoneA few years ago I purchased a duplex with a roof that was about 10 years old. The inspection didn't show any issues and I didn't have a single issue until last year when we had a major storm that caused a h...
We've had several evictions over the years and have gotten judgements against the tenants. You can collect on money that is owed by garnishing wages if need be, but you first need to find out where that person works. ...
I have a question for you guys. I have a rental that the mortgage is $727. I rent it out for $930, thus producing a $203 profit each month so to say. When I state my income on anything from applications for loans to w...
Hey everyone, I have a sfr split like a vertical duplex. The basement has a separate entrance and is doing well on Airbnb. The rest of the home has 4 (potentially 5) bedrooms that I want to rent as individual rooms me...
Hello I'm new into REI/BP and trying to get started right now, as I'm looking at my options a lender started talking to me about a 2 1 Buy Down program (which I assume is covered by the seller) . I've never heard of t...
Due to a discussion about filing form 3115, which is evidently required but may not be expected to be complied with, I thought I'd ask if my Schedule E looked normal. (No red flags) First, can anyone link to an art...