For tax purposes, the IRS defines rental income as passive income. The idea of generating passive income from rental property sounds great. Let other people pay your mortgage while you kick back in your chair with a pineapple drink in…
Category: Real Estate
Owning real estate comes with responsibilities and making hard decisions. Learn about buying your first property, hiring contractors, or managing a rental property.
*Updated* South Bay House renovation has finally been completed. This renovation was very challenging because we were delayed by Coronavirus lockdown where construction and inspections were completely stopped for 80 days. We had to continue making mortgage payments until the…
My wife and I prefer long-term tenants over short-term because it is lower maintenance and consistent rental income. However, we felt that one of our properties had enough room in our rear yard to add an Accessory Dwelling Unit (ADU)…
Holmes and Holmes is one of my favorite TV shows on HGTV. The host, Mike Holmes and his son Mike Jr., have made a living fixing the work of renovations gone wrong from bad contractors. Homeowners will write to the…
One of my favorite board games of all time is Monopoly. I remember everybody who played with me always trying to roll high numbers to get around the board quickly to race who was going to buy Boardwalk first. The…