Deciding whether to sell or rent out your home hinges on financial factors like immediate cash needs versus long-term income goals, alongside market conditions in your area—favorable for selling if it's a seller's mar...
Anyone ever done a rent to own deal through their realtor? I have a house I was intending to flip that isnt selling as quickly as I would like and I am exploring doing a lease option/ rent to own. The house is current...
Any investors out there getting cash back and/or seller's credit on short sales? I am trying get all closing costs and a bit of repair credit. Realistic or not?
Hello everyone. I’m looking to get some clarification on whether or not I would be able to use a FHA Loan for the purchase of a second home after living in the first for a year. I have read that a homeowner cannot hav...
I recently incurred costs when one tenant moved out and another tenant moved in. The management company categorized the cost as turnover. How should I account for this? Cleaning and maintenance or Repairs?
Thanks!
I noticed a couple of higher than average expenses in my monthly report (locally managed SFR in Lithonia GA):1. Deep cleaning and sanitization (COVID19) - $4002. Removing trash and debris (after tenant leave) - $2503....
Hi All - I apologize in advance if this is not the correct place to post this thread and I am happy to move or delete if necessary. That said, I am currently working with a Home Owners Association on an infrastructure...
I am closing on a rental SFR and have expenses and closing costs.Will not have any income on this property, for 2020.Will closing costs, repairs, and all other expenses allowed as deductible on my tax return for 2020?
If I purchase a home as a second home, then decide to rent it out a few months later as a permanent rental property, am I able to still deduct repair / maintenance / insurance / other property expenses as I do on othe...
I have just been notified that I need to sign a few extra IRS documents for the purchase of a vacation rental property I am hoping to purchase in Tahoe. There are 8 sellers and a few of them are international and app...