Joel F.
Tenant moved additional people in ...now what
hello,I have a few rentals. One that rents for 900 per month leased to two 50 something adults. They are bigger folks. They appear to have moved in two of there 16 year old grand kids who are also large people. The...
Andre Brasser
Contractor Overages
Hi All,Where is the line between an overage the investor is responsible for vs the contractor. The house is a full gut job and was assumed that nothing would be usable or salvageable. One line item in the scope of wor...
Stacy Hull
Reverse 1031 Exchange.
Thinking about doing a reverse 1031 exchange but it sounds really complicated. Does anyone have experience and tips on this?
Matthew Hicks
industry standard question - add on quote to a buyer
Hi Everyone,We have a buyer for a home we are re-developing in a historic area. The buyer wanted to put a roof top deck onto the house. We provided them with a quote with a fair amount of cushion on from our estimat...
Rich Weese
finance reform bill and 1099's
I heard today that after the new finance reform bill passes, you'll have to 1099 for selling anything over $600. Anyone know about this? If I sell a couple gold pieces over that amount, do I need to 1099? How about ga...
Austin Works
Ride the Momentum or Slow My Roll?
I am starting to get more quality leads than I can handle financially, but I know I could make it work by taking on some extra risk (balance transfer from credit cards). I have an income from my job, but this doesn't ...
Haiyang A.
Rehab costs on Schedule E Line 19 Other?
I have a tax-related question. I acquired an additional property in October last year and incurred rehab costs in the last two months. Since it’s not my first property, I think I can deduct operating costs on Schedule...
Jimmy S.
Tenant wrote me a bad check, who pays fees?
Hello,
Received rent by check and 3 days later check bounced. In my lease it says a $40 late fee for paying late but who should eat the fees for depositing a bad check from tenant? Can I charge them for t...
Alazar Wubet
Floor addition plus dig out comparison
I'm flipping this house in Washington D.C and needed an extra bedroom. The two options were digging out the basement and adding a bedroom there or adding an additional floor and putting the bedroom there and leaving t...
John Pearson
First Time Poster- Cash Out Refi or Sell
Hello, I would like some advice on a property that my family owns.It is two SFR's on one lot (detached) in LA County that was bought in the early 80's and is now owned free and clear. It has an NOI of ~30,000 and I th...