Amos Smith
Mobile Home PARK Depreciation IRS Schedule?
Hi,I recently bought a new mobile home park, my CPA tells me that the non-land portion (road, pipes, water plant, good will) should be depreciated over 28 year. My CPA has never done tax on MHP before.I did a search ...
Account Closed
Potential tenant
I have a potential tenant with a score just under 600. This is much lower than I usually find acceptable. The reason given for that score is that this person owns a rental property with someone else and the property i...
Terry Royce
Code violation Marketing
I really want to start marketing to owners that have code violations on vacant properties.
My question, is what approach do you take?
Postcards?
Letters stating you take over headache properties?
I like this niche, ...
Mathew Gunkel
HELOC on a rental
Hey All,I'm trying to make a move, and I'd love some great info if anyone can help.What is the highest LTV you ladies and gents have seen that a lender is willing to extend on a non-primary residence rental property H...
Sharad M.
Just put a REO under contract
Hello all,
I had put an offer on an REO 10 days ago and I just got a call from the listing agent that my offer has been accepted. I looked over the purchase agreement and it states that the deed will be transferred v...
Holly Hudson
Buying Commercial Property using Residential Realtor
Hi BP! We own a few single family properties we use as rentals. While looking for another in a different state, with a new to us realtor, we found a multi-unit (over 5 units) that we are interested in putting an offe...
Damicco Robinson
Why investors have a negative stigma about listed deals (Atlanta)
I wanted to make this post to generate dialogue around listed properties. I currently work for investment wholesale brokerage and we sometimes find great deals that are listed on the MLS. However, in some of the conve...
John Mary
Replace kitchen cabinet should add stove, microwave and dishwasher?
Hello all, I am working on replacing all kitchen cabinets for selling my rental property in CA. Want to know should I purchase range, refrigerator, microware range over type, and dishwasher for buyer or just leave the...
Nathan Williams
do you repair ungrounded electric outlets?
I invest in the mid-west (Indiana) but dont live in the region. Nearly every home I purchase or look at (SFHs in C class areas) have ungrounded outlets. So far we been paying to run a ground wire on the units but no...
Bill Ward
How to handle angry tenant?
Long story shorter: A few weeks ago I had the siding replaced on 2 sides of my rental house. The tenant knew I was going to have work done at some point but I didn't have a date until the contractor called back with a...