Hi BP Friends! New is this thing of flipping houses, some questions that i have, and hopefully some of you can help me out.1. When purchasing the house, who pays for the closing costs?2. Other than closing costs, what...

I know we need 2 years of experience after getting a real estate license to sit for the broker’s license exam.  Do we have to be actively working as a real estate agent under a broker during that time?  Or is it suffi...

Hi there.This is about rental properties in Canada. If I pay property taxes using money from a personal line of credit, is the interest tax deductible?Thanks so much!Paul

I do a home business return (1040) and am taxed on all money made in my LLC.  Even though I pay on all 2016 earnings am I required to roll all money earned that year from the LLC to my home account at the end of the y...

Is there a difference in interest rates when a buying a house as a rental vs being owner occupied?

Hi there, my wife and I bought a SFR with an ADU on an FHA loan. We plan on living in the house while and renting the ADU. It was recorded as non-owner occupied instead of owner occupied. What do I need to do to chang...

Hi,
I just saw a duplex today. The house is a duplex. It is thirteen years old house in a decent neighbourhood. Each of the house is renting for 650 dollard. There are four garages two of which is associated with the ...

Hi All, I have 9 properties spread among 3 states. My properties in 2 states account for about 80% of my cash flow, but the 4 SFH I have in Birmingham account for only 20%.I don’t want to sell as I’ll incur lots of ...

Hi,One of my tenant's lease expires in 1 month but they are overdue on rent.  They did a stop payment on one month's payment, and their check bounced for another month's payment.  Normally, I would move to evict the t...

I have a wonderful family living in one of my large single family homes.  A few weeks ago the tenant informed me that her mother (who lives elsewhere) had taken a fall and broken her hip.  The mother would be in rehab...