Sol Dubnov
Construction loan advice
Thanks to all who take the time to answer. Here is our situation: we own a primary residence on which we own a mortgage and we've recently made a cash purchase of a lot from a foreclosure in a highly desirable area. W...
Pratap Singh
Remote STR Cost Seg + Bonus depreciation for W2 tax offset
Can remote STR help us to qualify STR tax benefit. STR in Florida and owner lives in VA. Managing remotely from VA after initial 2 weeks of onsite hours in furnishing property (~80 hrs) after closing in june.And 20+ ...
Anand Mundada
Detroit - things to research before investing
I got attracted to the Detroit area for real estate investment because of affordability and amazing cash flow. What things should be careful about my investment properties? Few things which I read about Detroit is1) p...
Heidi Kenefick
Odd situation- water leak casued damage to neighboring unit
A unit I own out of state, which is vacant at the moment, had a leak. I wasn’t initially able to reach the PM, but eventually did and they went out and dried up the water. There was no damage to my unit so I did not f...
Kyle Affronti
New Real Estate Laws (Again)
https://www.nysenate.gov/legislation/bills/2019/s2892Some call it Lease for Life... Also known as Good Cause Evictions...What are your thoughts?3 Part Mini Video someone put together. (Not Mine)https://www.youtube.com...
Wesley W.
Tenants with no security deposit
Hello All,I'm seeking the collective wisdom of the BP community to try and get some insight on a situation involving a pending RE transaction. Here's the scenario...We are currently under contract to buy a few rowhom...
Riley Bohar
Canadians buying in the U.S.
I have a few properties here in Brantford, Ontario but am very intrigued with the U.S. I'm also looking in my own city for deals but with house prices skyrocketing Its becoming harder.I have been reading up on the tax...
Dominique M. Conwell
Zillow Estimates trustworthy?
Hey BP,I am analyzing on surface level for my first deal which I am looking into MFH. I found this ideal ideal 4plex that was on market for 650k. I think this was a tad expensive, changing websites to zillow showed an...
Eric Fete
S-corp for properties: Hard to sell?
Hi allI had several properties in a LLC and in order to buy more my mortgage broker (very savvy guy) had me re-structure/re-characterize my LLC into an S-corp (essentially a LLC taxes as S corp). That way that one en...
Jason Kha
Creative financing-assume loan question
Hi BP.I'm new with creative Financing. I have newbie question about "Assume Loan" that I need you guys expert opinion on the subject if you guys don't mind. I saw this potential deal so attrative to me:Location: west...