Darryl S.
Property Basis Calculations
Calculating Tax Cost Basis Question: I would like to use the amount that my property deed was recorded for at the courthouse recorders office as my tax cost basis instead of my closing HUD statement amount. Can I use ...
David Jones
Occupancy Duration with Month-to-Month vs. Fixed-Term Leases
There seems to be a general assumption that longer occupancy durations can be achieved by using fixed-term leases (e.g. 1 year) as opposed to month-to-month leases. However, despite spending quite a bit of time on Goo...
James Dishongh
Visiting Indianapolis to View Neighborhoods and Properties
Hi. My fiancee and I are coming to Indianapolis April 16-18, 2016 to view potential investment properties and to get a feel for the city. We’re considering moving there. I can find and research realtors myself but tho...
Matt Moldenhauer
Rental Property Receipts, Tracking Expenses & CPA's
I'm curious to know how other people handle their receipts with their CPA. This past season was the first time we claimed our first rental property on our taxes. We only had a few receipts to turn in to our CPA, so i ...
Tyler Weaver
Cincinnati OH First Single Family BRRR Project
I purchased my first property to rehab about a month ago. Right before the new year. It was an REO that was 39k. I think the bank wanted to get it off their balance sheet before the new year because they wanted a c...
Matthew Kimball
Pros and cons to buying Mother-in-law Rental
I was curious if anyone has had issues owning a rental property that has a mother-in-law unit in the basement. with not having sufficient parking or the neighbors calling the city to say there were multiple renters. ...
Jennifer Edwards
List of average rehab costs?
Does anyone already have a list of average prices for common rehab materials? I was going to make one from scratch so I could refer to it for first round quick and dirty deal analysis. I was thinking what a huge, time...
John Warren
Adding amenities in a C class apartment
Hi Fellow Apartment Investors,I am currently under contract on a 36 unit apartment complex in Springfield, IL. The property is a class C property, but it is 2.1 miles from the University of Illinois Springfield. The U...
David Tung
Refund the deposit or not?
I have a older couple decide to rent my rental property. They have moved all their stuff on the first day and plan to move in next day. 3 days later, the granddaughter who has helping her grandparents to find my renta...
Awet Hagos
My 10% Rule: Quick Cashflow Analysis
I came up with a new way to quickly evaluate if a deal will cashflow.I call it the 10% Rule: if annual gross revenue is at least 10% of the financed amount (after putting 25% down) then it’ll most likely cashflow.For ...