Tyler Seever
Security Deposit for Evicted Tenant (Illinois)
I have a tenant that i evicted on the 4th of this month for non payment of rent. The lease had a TBD for the address to send the remainder of the security deposit to My lease agreement states that if the lease is term...
Lisa Tarin
Out-of-State Purchase Qustion
Hello all,
I'm new to this forum & investing. Any suggestions for out-of-state investing? How does the property tax work if I live in CA and want to purchase out of state? Do we still get to write this off? I...
Susan Knight
To All Full-Time REI: What do you do for Health Insurance?
I am interested to know what you do for Health Insurance after you left your W2 income to go full time in REI? I am wanting to plan for the future, since my goal is to be full time in 2 or 3 years. I have the option o...
John Brees
Depreciation on multifamly
Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000. I'm hopeful a CPA on here or more experience...
Kirby Allen
How do you insure your rentals? Cash value or loan value?
Closing on your first two rental properties today and having questions about the insurance. Our agent is quoting one house with a cash value of 55k and the second with a cash value of 45k. We have 41k in the deal. H...
Bette Hochberger
Understanding the Basics of Real Estate Taxes
Hello everyone!As a CPA specializing in real estate taxes, I often get asked about the basics. So, let's start with an overview:1. Property Taxes: These are local taxes levied by the county or municipality on real est...
Stone Jin
Ohio Property Taxes Question
Hello all,We are looking to start buying and holding residential SFH in Ohio. I have a question on the property tax and how it is calculated. Looking at the county assessor website, there is a top number then there ...
Levi Fox
Multi Family financing
So I'm currently in the process of trying to find out how to finance 2 duplexes and a mobile home with a FHA on 1 lot. What would be the best way to finance it without having to do a commercial loan? I've looked aroun...
Bette Hochberger
Real Estate Taxes: What Every Property Owner Should Know
Hello everyone! Today, I'm discussing the complex world of real estate taxes – a topic crucial for every property owner. Real estate taxes are levied by local governments and are based on the assessed value of your pr...
Ashley Cast
Be Careful When Choosing Your CPA
Hello Biggerpockets members,I wanted to post something to kind of caution others about choosing their CPA. This is happening to a family member (they do not invest).Last night, a family member received a letter from t...