Patrick Culleton
Would you negatively cashflow on a SFR?
Hey BP Nation!if you could rent out your primary residence, but would negatively cashflow approx $200/mo to do so, would you do it? Is there ever a point where the cashflow loss "makes sense" for you? Specifically, I ...
Howard L.
Selling for a loss, trying to get tax deductions
Hi,Complete newbie here. I am considering selling my primary residence. I will have a very large loss if I sell (on the order of 30% below purchase price), once you consider the purchase price from 2006 (ouch!), m...
Herb Abrams
Closing Insurance
Does anyone know if I can buy insurance to cover my losses if a buyer fails to close the purchase of a home? I am referring to the situation where the buyer's financing is approved and the seller has met all his oblig...
Andy Reddy
When to let go of an underperforming property
Morning everyone,I have a small dilemma that I need to solve. I purchased a 4 bedroom townhome in a great area in Delaware about 2 years ago. However due to my job I moved to Florida where I actively want to invest. T...
Alexander F Pollock
Should Tenants Use Security Deposit Toward Rent
The tenant would like to use their security deposit towards May rent because May's late fees will cause them to be late for June & July. They would have to refill the security deposit, which would just cause them ...
Audrey C.
2nd Lien investment - property in foreclosure
Unfortunately, I got into a situation with a colleague that I have invested with before, lending him money and receiving a favorable return. Well his development projecct this time, is in foreclosure with the hard mo...
Drew Sygit
Why are Newbies Using Invalid Investment Assumptions from 5+ Years Ago?
Take a look at this graph:What do you see?What RECENT "buy" opportunities do you see in the overall market?When do you think it was more difficult to find a "deal" on real estate, in 2011 or 2019? How about today?It's...
Alex Odom
Loss of Rent Insurance when property is vacant??
Hi, After few months of rehab on a duplex I was ready to rent both units, and just a few days after I listed each unit for rent my pipes burst due to the cold weather leaving both units significantly damaged. I was wo...
Olga Daisel
Tax question on depriciation of new construction
I have the following case, numbers are made up, but the situation is real.I purchased a house in 2021, rented it out, in 2022 I demoed it and build new, finished construction in January 2023 and rented out almost imme...
Tyler Blackwell
Complicated Move-Out Questions
We had a challenging tenant finally move out today, 6 days late. To give some context, she lived in our basement rental unit and had a one-year lease. We saw she was a complete mess, she ALWAYS paid late, and wasn't e...