Rental Property or Paid Off Home? All things being equal, would you rather have a low maintenance rental property worth $450K generating $12K per year or sell it to have fully paid off main home? submitted by /u/evilchuck11

Introducing Georg Property, the Long-Lost Third Property Brother DREW: This house has been run down since the ‘70s. We’re hoping we can help it get its groove back! JONATHAN: That’s right. We’re going to give this fixer-upper a big boost of curb appeal. GEORG: Why do you avert your eyes? Can you tell that I am nude beneath my velvet cloak? – – – JONATHAN: I think we should redo the roof first. DREW: No way, I…

Increasing inheritance through property Hi all, My wife and I have some sound investments and we have witnessed our families make some poor choices with property in regards to inheritance. For example, letting go a good rental property in a strong market with no debt only to put the money in the bank. My parents are currently looking at selling an investment property to become debt-fr…

Should I Sell My Rental Property or Keep It? Hello everyone, I own a home in a small town in eastern Washington that I purchased in 2020 for $400k, locking in a 3% 30-year mortgage. It currently fetches around $2,800 in rent versus a $1,700 monthly mortgage payment. I estimate I could sell the house for around $500k and owe $290k – that is, I have $210k in equity. Since moving to a city 6…

Buying Property during Residency We live in a VHCOL area where rent is ~$3000+ per month. I have found a mobile home in the $200s which would make our mortgage alone would be around $1800 a month. We would be there for four years and plan on leaving the area post residency and I am unsure if this is a smart financial decision or not. Any advice is welcome! submitted by /…

How to avoid property tax reassessment after inheriting property Illinois: What would be the best way to inherit my parents house without having the property taxes go up if I wanted to live in it, or having to pay probate taxes if I decided to sell down the line? Would I be to be added as a tenant with rights of survivorship or transfer on death deed? submitted by /u/glizzy924

CCA recapture on rental property I want to make sure I’m calculating my taxes right. Bought property 8 yrs ago for 192,000. Depreciated for thse years and ucc is 130,000. Had to install furnace in 2019 – cost 6000 but never added to CCA pool. Sold property for 190,000, but had to spend 5000 on paint and new flooring. Realtor + legal fees to sell 12000 Assume I can add the 6000…

Property manager or self-landlord? Hey team, I own a condo with a lot of little things messed up. I’m moving into a new house 20 minutes away. Property management rates are 1/2 of one month’s rent and then 8% per month after that ($160 per month) I make about 200k. I have never been a landlord before, but I’m willing to do the work. Rent on the condo can be around $2000 in my a…

Should I sell my rental property? I’ve had this property for a bit more than 11 years. I purchased it for like 75k and have lived in it on and off for the last 11 years. I’m in the military now and have been renting it out for roughly 500$ more than my mortgage. This nets me roughly 6k annually before taxes. I’ve put a lot of work into the place (new roof, new paint, new water h…

The sad state of property-based testing libraries Comments

Rental property advice TLDR: I own a rental property outright no mortgage, considering selling due to bad experience with tenants. I inherited a rental property with no mortgage three years ago when my father passed away. It is a small house: 1,000 sq feet 2 bedroom 1 bathroom with unfinished basement, sits on a quarter acre lot in a less than desirable location. Ren…

Putting a trailer on a property that already has a house Hello, I recently recently purchased a house 20 acres, I am considering allowing a family member to put a mobile home on my property. How will that affect my home value? submitted by /u/SEAofNothings

Taxes on sale of inherited property in Florida Hi there! I’ve seen similar posts in here but I’m getting bogged down with information so I thought it best to ask about my particular situation. My father passed and I inherited his properties over a year ago. We (my brother and I) are about to sell the shop he ran his business out of, so I’d say it’s a commercial property. I know very little a…

How to Avoid an Unpleasant Surprise on Your Property Taxes While property taxes are unavoidable, unpleasant surprises are not.

Buying Land/property – 2nd property I’m 30, single mom, my mom lives with me part time. I currently have a townhouse that’s 1800 sqft and not only is it a spacial issue, her cleanliness habits are atrocious. As a kid, my dad had CPS called on her, she’s a bad horder. I’m more of a minimalist. I keep her at bay but it stresses me out regularly handling her, the house, my full time …

Unclaimed Property Claim Hello all, Reaching out for some help. I recently found out that my old insurance provider had sent me a large check in the mail however, I did not receive it due to moving to a different country. After 7 years overseas, I have returned to the states and now trying to claim this “unclaimed property”. I went through the California State Controlle…

Saudi Influence in Soccer and a Story of Property and Power Investment in Newcastle, a Premier League club, has been followed by the promise of wider prosperity.

How should I dress this window (rental property) ? submitted by /u/Emotional-Salary-907

How to refinance a HELOC on investment property Basically what the title says, my father opened a 320,000 HELOC on his and my mothers second house to pay down debt he had accrued in other business ventures. He recently passed and we are only now finding out about it. The rate was variable and since interest rates were low for so long it wasn’t much of an issue but now we are struggling on how…

Microwave deductible for rental property? Hey guys. I have a rental property where I had provided a countertop microwave to my tenants. The microwave went bust this morning. Can I replace it with a new microwave and deduct that as an expense for the rental property on my tax returns? TIA! submitted by /u/otu1205