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Do you own an apartment?

My husband and I are buying a 3 unit apartment building and its very new to us. We are looking for any advice. Also the seller told us to keep certain records for taxes. He said we can claim our gas for going out there,things bought for the apartment and im not sure what else. Any advice would be great.

Answer Question
 
4hens

Asked by 4hens at 9:23 AM on Aug. 27, 2009 in Money & Work

Level 3 (19 Credits)
Answers (3)
  • Learn to do your own repairs.
    rkoloms

    Answer by rkoloms at 9:27 AM on Aug. 27, 2009

  • Thank You, my husband does metal roofing for a living but can also do everything else except for electrical so we will be doing repairs ourselves.
    4hens

    Answer by 4hens at 9:30 AM on Aug. 27, 2009

  • Get a contract with a collection agency. Otherwise, some people look for non corporate owners to rent from because if they skip owing rent and damages and don't leave a forwarding address there's nothing you can do about it.
    Anonymous

    Answer by Anonymous at 9:48 AM on Aug. 27, 2009

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