rent property

discriminating because I will not rent my investment property to people who do not have reliable employment. I have been told by few people that I am discriminating against them, but how do they expect to pay $280/week in rent if they dont work? I have had problems in the past with people who dont work not paying rent on time, if at all and have been forced to evict them. Do you think I am being fair?

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rent property

My parents are planning on buying an investment property. They plan on paying cash for this property. So they will not have a mortgage. I will be renting the place from them with 2 other people. If they decide to finance a second property, would they be able to use the rent from both properties to pay the mortgage on the second property?

How and what will they be taxed on?

How does rent to own work when it comes to taxes?

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Investment Property Claiming Renovations?

property renovation

Ok I had bought an investment property in Perth (August last year) and I renovated it straight away spending $15 000 (total) on a new kitchen, bathroom, tiles painting etc it needed the renovations as it wasnt the best place to get a decent rental income. I went and saw my accountant last week and he told me I was unable to claim the $15000 i spent on the renovations (because of something about capital renovations or purchases) but I can claim a discount off the capital gains tax when i sell the property. Im 24 and dont want to sell it for at least 15 years. Is this right? Iv spent 15 000 on genuine renovations but I cant claim this? Please help. Thank You.

Passive Income

how to sell investment property fast?

property renovation

In Houston Texas with a 2000 sq ft house needing renovation due to fire damage, there’s also a 600 sq ft house on the property which is inhabital. priced for quick sale at $50K.

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property renovation

A person made an investment in a property, but the check was not sent to the individual, but it was used as a down payment. The individual that made the investment wants their funds back before the property is renovated. The funds have been sent to the contractor for renovation. How difficult is it for an individual to put a lien on a property they have invested in? And, what exactly does that lien mean as far as renovations and selling of the property are concerned? What are the the statutes of limitations in NYS?

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