Andrew West
Late fees: who should get these?
Hi friends-Wanted a little sanity check here. Tenants in a triplex that I own are late on rent and get charged a small ($50) late fee per their lease agreement. In your experience, who gets this late fee??My Property ...
Juan Rosado
[Calc Review] Help me analyze this deal
I am looking to buy my first deal (yay!) and I have until today to decide. Right now the property is in an ok neighborhood and its greatly under rent. All the houses close to it rent for $1300/month (3bed 2 bath). Thi...
Nick E.
Tax Questions - First Rental Property Closing early 2017
Hello BP Community,I think I know the answers to the following questions, but I wanted to verify with the BP community:Background: I have spent the last few months researching, visiting, and placing offers on properti...
Michael Zack
Real estate attorney from MA I could run a quick question by?
My current tenant is breaking the lease 3 months early. I've agreed to charge him half month's rent to break the lease and I want it paid independently of the security deposit. He's refusing to do so and wants me to u...
Matt Tager
understanding taxe benefits thank you!
I need help understanding real estate taxe benefits
Here is an example
purchase price 550k
down payment 55k (owner occupied) 10%
interest rate: 3%
amortization: 25years
monthly payment - 2415.19
1250$ a month t...
Jose F.
Buy Real Estate without selling your Crypto
Hi guys
I am looking for insights in this community about what would be for you guys the best approach as crypto investors to use your holdings as collateral to buy assets in real life like real estate, car loans...
Jim Panek
Insurance Reimbursement for Frozen Pipe
Hello,I own an upper/lower duplex in Milwaukee, WI. I live (well lived) in the lower unit, and rented out the upper unit. BecauseI lived in the home I had a homeowners insurance policy (not a landlord policy). On Chri...
Shawn Moore
IRS Tax Write Offs
Hello All,The right to redeem a property I purchased ended 9.3.15. I have served all interested parties and advertised the barment. My tax deed covered 2009-2013. I just recently paid 2014&15 back taxes.My plan is...
Arnie Guida
New Roof, Expense Or Depreciation?
I would imagine I have to depreciate it... but the bill is separated into materials and labor.Depreciate the materials but expense the labor?Thank you,Arnie
Joe Zinger
Rental Refinance tax implications
Other than closing costs are there any negative impacts to refinancing a rental property? With rates continuing to drop is this something people do as much as with primary home notes? All my properties have 20% down...