My current accountant has apparently not been taking depreciation on my rental properties every year. I am a rank novice in this area. Just wondering whether there could be any strategic benefit to not taking the dep...
Hey BP, I have a 3 unit property in Logan Square, Chicago. I have a PM management company that takes care of it, and in the past 5 years, didn't pay much attention to the numbers. As I started scrutinizing the numbers...
What special touches or amenities do you add when you renovate? I'm not talking about paint color or flooring until you do something special like an accent wall in red or cork floors. I have some upcoming projects, ...
I understand many have flipped 5+ houses or have tremendous experience with the renovation process. However, as a contractor I'm curious what was the biggest "miss" or unknown finding you've experienced in a flip? Fou...
Hello my friends!Im in the middle of signing a contract with a deal and its really making me nervous. Ive run the numbers and its a good cashflowing property. Well I should say its a great ROI property @ 26.7% to be e...
Need some advice. I have a tenant who moved in last week. We did a walk through with a checklist and she kept saying how everything was great. House is new construction, less than a year old, and she wants me to take ...
Hello,We are buying our first duplex. After the inspection about to ask for a price reduction. Since this is our first time I was wondering on opinions of others on how much to ask and how to include the cost of labor...
Hi there,My name is Ben Stevenson, I am a 22 y/o electrical engineering tech outside of the GTA. My significant other and I attempted to purchase our first home/investment property in April but couldn't conquer the st...