Dom Radcliffe
Deducting expenses query
Hello BP community,We are planning to list our property “in service” for short term rental use starting January ‘23. We are making some repairs to the property this year in the months of November and December. We purc...
April Peterson
How would I do my taxes
My husband was accepted into graduate school in another town here in Idaho and our house didn't sell before we had to move. We were able to get our house under contract with the contingency that the buyer's house wou...
N/A N/A
Information on Mortgage Jargon in Maine
Don't mortgage your future! You need to be armed with adequate information about the various mortgage options available and the best one which will suit you. It takes countless hours to locate this information. People...
Miles Stanley
Is ivnesting in vacant residential lots a (potentially) good idea?
hello all!A friend of mine has had some past success in purchasing vacant lots in subdivisions being built-out, sat on them for a time and sold them to eager buyers later for, apparently, substantial returns.the lots ...
Mark Beekman
"Escape Clause" -- Could it effect my current agreement numbers?
I'm in the process of selling a rehab to a husband & wife who are doing a 100% financed VA loan.The house was under contract for $364k with a $5k Seller assist. Appraisal came back at $359k, so the new, negotiated...
Max T.
Pay taxes on profits from land sale?
If I sell a piece of land I would take some of the profits and use them to refinance a rental property I own.
The rental was purchased with an FHA loan but it is now tenant occupied.
The idea is That this will i...
Greg Schuricht
Which investment would you sell?
Hypothetically, lets say someone wanted to liquidate some of their portfolio to finance a vacation rental down payment and furnishings.Say he needed to raise 100K and had the following options:Sell mutual funds that h...
Jeff Spiker
Recommendation to get bank owned property
We're looking at a property that's bank owned and has been vacant for 3 years. The house is in such bad shape that the insurance company recently made the bank replace the roof. The bank declined our offer with no c...
Gere W.
Costs for little things
When buying a property, what are some "normal" costs to have to get up front before move in ready? For instance, does one always buy a washer/dryer? Is new paint always a given? Even if a place is supposedly turnkey, ...
Pixel Rogue
Planning Renovations for Investment Property
We may buy a home near by which is in need of renovation. Ideally we would hope for a tenant who would be open to renovations while living in the home and that way the expenses are tax deductible. While not all the re...