Michael King
New rental property - claim blinds & fans on tax?
Hi there BP, newbie here with my first post. A little about myself: my wife and I fell into being landlords. In 2016 we moved interstate from TX to MO. My wife was not with me when I bought a 1600sf new build house, a...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Kyle Jensen
How would you handle clean out of fully furnished house?
We have a house under contract and I’m looking for advice...The woman who lived in this house has passed away and the house still has all of her stuff in it. Her son lives in another state, so he is going to fly in an...
Adam Moehn
Phantom Repairs when doing Rental Deal Analysis
I'm curious to hear how other people account for phantom repairs when looking at a deal to purchasing a rental property. By this I mean the depreciated value of having an older roof, furnace, etc. in a house you are l...
Patrick Hepner
Got back the zoning inspection, need your help!
OK, being new to real estate I need the eyes of someone with experience.I get what this report is showing, but I am primarily concerned with the third page, point D: A permit is required for any of the following.... e...
Matthew Rembish
Flipping Full-Time in NJ: #5 Complete
Back in early July of this year, we closed on a 1,200 sf, 3/2 ranch in our hometown of Brick, NJ. This was another scenario where our agent had been the winning bid at auction and had later passed this property on to ...
Miguel Vazquez
[Calc Review] Help me analyze this deal
View report
*This link comes directly from our calculators, based on information input by the member who posted.Hello everyone,This is looking like my first deal. The cash flow is not great, but I think the equity an...
Kristen Schaefer
Discovered Possible Code Violation - Bathroom Renov - Big Mess?
Hi All!
New to investing, I bought a triplex last year in Boston (Jamaica Plain).I’m scared that I bought a property that’s going to be a financial mess. Bathrooms need to be renovated, but I’m hesitant to move forw...
Account Closed
Deal in the Chicago area. Do the numbers work?
Hi everyone,I just put under contract a 2- flat building in the Chicago area. This is a class C neighborhood. Can you please give me some advice and criticize my analysis below? The first unit is renting for 700 (long...
Jeremy Anan
Tenant passed away, family hasn't clear the house 45 days after
Hello BP - Hope all are doing great. I am reaching out to have your input. I last communicated with my tenant in early June; he was doing okay. He last paid his June rent on June 6. After not receiving his July rent p...