John Hixon
529 plan or rental properties
I was wondering if I could get some advice from people who know something about finance and investments.I think most people on BP know that if done properly investing in real estate brings better returns then the stoc...
Mitzi Castiglione
Deciding between buy & hold or buy & flip
We have a house that when we bought it, our strategy was to hold it. However, it would also make a nice flip given the market right now. We have done both in the past. The purchase price was $58k. To rent it out, ...
Gary Alford
Seller afraid of capital gains
Whats up BP fam,I just got off the phone with a owner of a house I found while driving for dollars. She says she wants to sell but she is afraid of paying capital gains taxes because she was killed by them when sellin...
Kim H.
What do you do when it snows (or ices)?
Since all of us Dallas folk are iced in this weekend and I am still trying to do my due diligence on my first MFH purchase, I have an interesting question.....do you sand your sidewalks and parking lots when it sno...
Chris Gallick
How much $ can I expect after claiming renovations?
Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...
Dave H.
Has anyone built and rented out a multifamily/4 unit?
So, I am still early in the process but I am looking at re investments. I am looking at 4 and 2 unit properties. I have been unable to find any that fit what I am looking for. My market is the northern suburbs of NYC ...
Bhautik Bhanani
Seeking guidance for First time Primary home buy to convert Rental in future
Hi all, I am married and first time home buyer and currently living in Alpharetta, GA. Housing market here is good here as I saw online it says Alpharetta and Milton to have highest median home price in Georgia. I am ...
Timothy Wright
Can this be done? Is this even Legal?
Hi BP, I recently got an idea, but I'm starting to doubt that it is feasible, and it may not even be legal for all I know. I know BP has people of all backgrounds so I expect someone might be able to answer my questi...
Tim Lin
Tenant won't pay security deposit despite damages
Hi everyone,
A tenant is moving out and I noticed some damages such as dented/chipped door frame, possibly happened when he moved his furnitures in. I brought this up and he casually brushed it off saying something a...
Marc Dufour
Accept or deny?
I am planning to rent a property in southern california. Here is the situation
1 - I only received 1 application after 6 open houses and dropping the price to market value
2 - the application is an arti...