Socially Responsible Investing » Socially Responsible Real Estate Investing

Does it matter if you leave near or far away from your investment properties?

Tom — Wed, 09 Apr 2008 05:02:26 +0000

Slick asked:

I live in northern NJ and am looking to buy properties around the country. If I hire a property manager to take care of the problems, does it matter where the properties are in relation to where I am? I keep hearing people say “you should live near your investment”. Why would it matter if I am hiring a property manager?

Wesley

I have 2 investment properties in Euclid, Ohio.How do I determine the basis and depreciation for tax purposes.

Tom — Wed, 31 Oct 2007 21:08:54 +0000

moor questions asked:

I bought first property for $119,000 in September of 2005 and the second property for $127,000 in January of 2006. When I used tax filing software to do my taxes for 2005 and again for 2006,the software indicated that I had zero depreciation for both years.What am I doing wrong. It too late to do anything about last year taxes, but I have not filed my 2006 return as yet. I was told by people with investment propert that I could claim depreciation as soon as the houses became marketable.Is there a mistake that I made or is the mistake with the software?

Kathryn

How to purchase more than two investment properties?

Tom — Sun, 05 Mar 2006 21:49:34 +0000

name asked:

My question is how do people have many investment properties say 7-10 $100,000 properties? When you try to get financing for more properties wouldnt you you be so far in debt? I know that you rent out the properties but you cant make that much profit after the mortgage payment. For example if you have 7, 100,000$ properties renting for 1500 a month with a mortgage of 1000 for each your only netting 3500 a month and in $700000 worth of debt so how can you keep getting loans for more properties?

Geraldine