I am now requiring all tenants to get renters insurance. I requested proof of insurance from a tenant and they gave me a policy number (no copy of the policy or anything). Do others require a copy of the actual policy...
Hi everyone, first time poster here! Me and my two brothers recently inherited a single-family home in the greater Bay Area, CA. We’re looking into our options for renting the house out. Wondering what your thoughts a...
Last week I received a second mortgage short sale payoff for a lender and it had it did not specify me as the buyer. I did not get too excited because 2nd mortgages often do not name the buyer. Then
yesterday, I rec...
Hey again BP members,
Can someone tell me if the prescreened (or pre-approved) credit offers that come in the mail affect your credit score? I've learned from reading this forum that credit inquiries and credit check...
Please reach out to me if you want to go to BPCON but you missed out on getting tickets. We've had to cancel our trip last minute and I'd love to sell these to someone who can use them. I'm a Pro member so each ticket...
This goes out to the CPAs/accountants...if I'm selling a property that will realize capital gains, and I decide to provide seller financing, does the IRS recognize the sale for purposes of the 1031 timeline starting a...
For damage done to a property, do I have to send all receipts for each fix for damage that a tenant does or do I just have provide the category name and total?Example: Tenant runs into garage door. Can I just put ca...
Can anyone tell me what the “back in my pocket” amount I’d receive from using the section 179 vehicle tax deduction?For instance, say I purchase (for my business) a vehicle over 6000 gvwr, for 40k.If I’m able to write...
So, I am looking through my county probate records and I came across a record that says the deceased left his estate to multiple people as a one third undivided interest as a tenant in common of all right, title and i...
I recently closed a 240 unit deal and in my deals as the syndicator, I received an acquisition fee for putting the deal together.My background is a CPA so I feel I have a pretty good understanding on how the fee shoul...