Jeff V.
Capital Improvements vs Maintenance and Repairs
I'm finishing up a Buy, Fix and Hold deal and about to put the property in service as a rental. This question is for anyone with bookeeping/CPA experience. I'm sure it's a basic task, just one that I've never done a...
John Thedford
Replace A Front Door: Expense Item Or Depreciable Item
Hello all: I am curious how your CPA or tax preparer handles these items.Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate i...
Juwane D Brown
how to give a 28 day notice Notice Wisconsin
Hello Everyone!
First time post however I have a question. I have a month to month tenant in one side of a duplex that I need to leave as I am owner occupying. Now their Rent is due on the last day of the month. How...
Rowland Smith
Tight Inventory, Margins and the 70% rule
Hello:I have real estate experience in specs but am just starting out in flips and rehabs.I'm in Colorado Springs, CO and have noticed that while there are some distressed and attractive houses (able to add value to t...
Tony Varao
Handling tax deductibility when house hacking a 3 family
What is the appropriate way to handle depreciation, tax destructibility of interest, taxes, closing cots, and utilities when you are house hacking a 3 family? Purchased in April 2018 and also understand there are som...
Account Closed
How do Sheriff auctions work? Are you allowed a contingency period?
Hello,
I work in investments but have never purchased a property directly through an auction of any kind. For Sheriff auctions, I have been told there is no contingency period and that the purchase is final. Is that ...
Brandon M.
Property Management Takeover
Hello everyone,
I'm not happy with my current property management company and happen to be moving back to the same location of the home I own and they manage for me. I'm wondering what is the best method for firing t...
Tyler Gauthier
For Rent Sign - Motivated Seller?
So, I've heard from many investors that they've had success finding motivated sellers by calling for rent advertisements and signs and asking if they've ever thought of selling their property. Anyone here have any luc...
Mindy Jensen
Thinking about buy and hold with no money? Read this.
My friend runs a site called BudgetsAreSexy.com. He dabbled with real estate investing himself for a bit, and has now sold his rental and his primary residence and rents a property instead.While I don't agree with his...
Nick Vought
Buying second multi-family property strategy
I am trying to get some strategy ideas for my second property, I thought I had a solid plan but it seems now its not so full proof..I bought my first property a four-plex in March, and I am trying to figure out my nex...