All Forum Posts by: DeAngelo Tatum

Is it more beneficial when filling taxes to have a rental as a primary residence (house hack) or solely as a rental property, along with a   W-2 job? Or is that something that depends on a persons specific situation?

Is a cost segregation study worth having done if you own only one duplex? 

 far as getting a lease written if you become a pro member here on BP you will have access lease agreements for each state.  

Not sure how it would work in UT but I live and rent in Milwaukee,WI and I have a section 8 tenant. my cities housing authority web site walks through the process. They even have referrals they'll give landlords looking for section 8 tenants/ a list of rent assistance families listed with the city that you can screen and pick and choose from. Although I knew the tenant I was going to rent to on rent assistance already so we skipped that part. I submitted a rent request and then they approve or deny your asking rent. If its an initiative in your city you're more likely to get a higher rent above market value. Like here mke is pushing equal housing for low income families so because they want low income families in nicer housing they are more inclined to pay either market value or above. The city came out to my property and did an inspection since they will be paying a portion of the rent. It wasn't a hard deep inspection just no serious hazards, electrical outlets work, is the unit energy efficient etc. Basically is the place livable. They have been living there for 7 months now and the city pays 75% of the rent I asked and my tenant pays the other 25%. In case you get a low income family who doesn't treat you stuff nice, at least here, if I evict them or they violate my lease and I let the city know, then the city will take them off of rent assistance. and that is a benefit most families on rent assistance absolutely do not want to loose.  

 This wasn't anything intentional as much as it was me just not fully understanding and having just started in real estate and having told several different agents I knew I am looking for rental property and started receiving listing from them. For my current focus and goal one agent will do, so long they due their diligence also. 

When I first started looking for rental property I had spoken with several different real estate agents. I was then told get one agent. What I am asking is it normal for an investor to use multiple real estate agents to close different deals? For instances I buy a duplex using one agent then use a different agent to buy a different duplex and then back to the first agent to purchase yet another. 

 Thanks, that is good to know.

Once the requirements of a FHA loan are met can it be used again on a different property? I've seen some people say it can and some people say it cannot.

What is the correct way to deduct rental property repairs, upgrades and maintenance cost when you preform all of the work yourself, being the owner/landlord?

I used to rent out two bedrooms in my 3 bed house and the other two got into loud arguments and I ended up involved because well I lived there too and it was my house but now that I rent out a duplex and that was my only experience so I had done it before and wondered if that was a habit to stay away from lol