Gp G.
tax strategy active loss vs passive loss
My tax consultant says if I do an active loss type of tax return I get more return but I lose on capital gain tax if I decide to sell these rental properties in future. But if I do a passive loss type of tax return ...
James Bradley
Selling my first home, post-divorce
Hi all!I am under contract on the sale of my first home, I have owned the house for 10 years in Oakland County, MI. I HAVE lived in the home for 2 of the last 5 years and the reason for sale is my recent divorce. Here...
Daniella Hernandez
Tenant Deposit. Water Damage. Negligence?
I am a new real estate investor. I just had my first tenants moved out after renting my first unit for 15 months. A few months ago, they reported water damage. By the time I was notified the whole master bedroom lamin...
Ayo O.
Realtor's obligation in filling a vacancy
I recently hired a realtor here in Texas to fill a vacancy.She presented a couple as candidates and they later became tenants.The problem is I never received background check report on one of the tenants and had remem...
Stephanie D.
Tenant's Debt Collection
Hi -Am I able to enter the defaulted rent amount on a tenant's credit even though we entered into an agreement in court?I filed an eviction in the Philadelphia court system against my tenants. The eviction was resolv...
Sandra Helena Holtz Ivarsson
Due diligence 2nd lien note in MA
Just came across a note(would be my first one). Believe its a re-performing and I just want to get my feet wet. I managed to find out that the taxes has been paid on the property. 1. How do I find out if the mortgage ...
Jordan Pothier
ARV from mls report?
Hey everyone,I am about to purchase my first investment property, maybe, and I am trying to find out the best way to go about it. I have an MLS report and I’m trying to figure out the ARV but have not studied too many...
Doug Dattawalker
Free credit and background checks
Hi all, My prospective tenant is finding and sharing free credit, background and eviction history reports. Are these acceptable to the general consensus here on BP? SmartMove only costs $43 here in CA. Is it too much ...
David C.
Quickbooks Online … Class vs Customer
The QBO class tracking feature, found in the more expensive Plus and Advanced versions, is used by many investors. I’m wondering if using Customer instead of Class would work, thereby allowing the less expensive Simp...
Henley H.
Idaho foreclosure auction on courthouse steps
I am looking at a property scheduled for auction, however, the prospect of paying all cash without title insurance for a property I have not been inside is daunting...Is there anyway to approach the borrower or lender...