Jake Donohoe
First home purchase...Flip?....Lesson?.....YES!
Investment Info:
Single-family residence fix & flip investment in Middleport.
Purchase price: $74,000
Cash invested: $9,490
Sale price: $85,000
Contributors:
Tabitha Turner
Fi...
Joe Taylor
Using 26 US Code 190 Expenditure to remove accessibility barriers
I'm wondering about using the rule in 26 US Code 190 to expense, instead of capitalize, costs to improve accessibility, whether it's ramps, widening doorways, etc. The code states I have to make an election to make th...
Joe Hermanson
Chicago Condo overlooking Lake Shore Drive
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $260,000
Cash invested: $40,000
2 Bed/2 Bath Condo overlooking North Lake Shore Drive.
What made you int...
Susan O.
Removing a cosigner (who is under title as joint tenant)
When I purchased my house I had a cosigner who the bank forced me to put on title of a property. This was in 2017The cosigner who's on title now still I wanted to removeHow can I do this just with aquitclaim?Right no...
Richard V.
Arkansas Landlord Tenant Laws
Are laws in Arkansas landlord or tenant friendly? I saw Memphis Invest is now in Arkansas. Maybe @ChrisClothier can chime in on this discussion or anyone else investing in Arkansas currently?
Account Closed
What do with tenant's stuff after eviction
I have the constable coming out to one of my properties later this week to kick out a squatter. My question is around the squatter's stuff. What obligations do I have to the squatter's stuff? Can I throw it all away? ...
Sarah P
What Should be On Your MLS?
We have a great MLS board, that offers a good amount of information to be searchable. But what I want to know is what you would like to see on an advanced search form for real estate. What features and ammenitys would...
Mark Forest
Question on asbestos
I was looking at a prospective home when the realtor told me the ceiling and floor tiles in the basement look like they have asbestos. I am not sure if he is right, but it made me wonder how one is supposed to know. ...
Kevin S.
Use up retirement account for REI or non-retirement account first?
Hello BP members,Have any of you been there and done that? Left the market, completely or partially, and had to choose between using funds from either accounts? Which did you choose to dip in first and why? Looking ...
Sarina Drucker
Tenant Fridge Issues
I purchased a new Whirlpool refrigerator 11/2016 from Best Buy. The new tenant has notified me that the temperature is iffy. When they get it to the correct temp (using a thermometer) food directly in front of the ven...