I drove 90 miles to see a property we are interested in for investment purposes. We already own 2 investment homes and are under contract for a quadplex. What documentation is needed to use this trip as a tax write o...

Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service?  I was under the impression that you cannot, that they must be added to the ...

Renovating a house I bought in another state over several yrs, and they were hoarders. Little by little I travel there to empty it out and repair it with the intention of eventually selling it. Are the travel expenses...

A business partner and I plan to own multiple multi-family properties. We will start with one in 2019 and, hopefully, add 1 property each year for the foreseeable future. Each property will be owned by separate indepe...

The owner has never seen inside Unit 2 and I need to get a plumber and electrician inside to check things before I sign a contract.  We are not using realtors.  This is an off market property.  Unit 1 and 3 were prett...

Hey everyone! I've found a partner who's willing to finance a short-term while I will be in charge of operations. Considering we haven't locked down a market yet (debating between Shenandoah or Blue Ridge) would it ma...

Hi folks!I've seen many different turnkey models out there and wanted to see if anyone has thoughts on buying a fully rehabbed property vs. buying pre rehab. I know there are pros and cons to both.(And sadly no, buyin...

There are two primary financial metrics when evaluating a multi-family investment opportunity. The first is Cash on Cash (CoC) and the other is Internal Rate of Return (IRR). Most non-real estate investors will seek t...

Working on analyzing a project that my partner and I want to put in an offer today.  It's a foreclosure in an established area of the Detroit suburbs.  One of the units is currently occupied and the other is vacant.  ...

I need help evaluating this property. I seems like it's a pretty good deal but I'd like some experts opinions and help completing this deal if it makes sense. The owner is going into foreclosure so owner financing is ...