Hello all, I have a 2nd home that I'm in the process of selling in NYC, RIverdale.. Its a Studio Co-op, bought it in 2002 for 62k and should be able to get 130K. Spending 10K in renovations, currently in the middle of...

We have a 30 Unit Apartment Complex, at the moment we are in the first year of the stabilization. As you might know one of the first steps of the Stabilization is to evict non paying tenants. As expected we have run i...

Hi BP'ersI have a contract on a 12-unit apartment. Both buildings show evidence of dead termites. One of the buildings shows evidence of treatment for termites. The other shows evidence of damage to a partition wall i...

Just found out during a brief inspection a home we put a offer in for has termites. Nice duplex but very disheartening. If me and my wife go through with everything it would be our 1st home. We just aren't sure what t...

Hi All,
I have a question for those of that are tax savvy. If you have a loss from syndication investment ( the entire project went bust) can you use that loss (from the final K-1) to offset your regular W-2 income ?...

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $265,500

Cash invested: $62,387

Sale price: $430,000

The biggest challenge on this one was the smell from the a...

Any Advice On Getting Rid Of FLEAS.... The Property Is Vacant...

Here's a question that must be a no-brainer to others, but I'm drawing a blank and thought I'd put it out to the BP community.  How do you handle tax reporting for an office space?  That is, how do I handle the taxes ...

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $81,245

Cash invested: $30,000

Sale price: $225,000

Purchased property with bed bugs, cockroaches, rats ...

I have owned a rental house for years and have never had a bug issue in the past, or with past tenants. But now I have a new set of tenants that moved in 7 months ago. They are now claiming that there are bed bugs in ...