Hi All - I've seen quite a bit of confusion on the application of the Passive Activity Loss Rules and Short Term Rentals. Beyond BP, there is a lot of confusion in the accounting community as well but the same rules...
Hey BP family, we've decided to add a basement apartment to our house and we're trying to decide if we should go with a long-term renter or if we should try short-term (think traveling nurses / doctors, not Air BNB) a...
I am nearing the end of a lease with my current tenant, set to expire January 31, tenant has become very angry and vindictive. Gave 60 days notice that we will not be renewing the lease. This is my first duplex that I...
1317 1st Avenue Sacramento, CA 95818Hello BP,Here with a deal diary this time!This single family home is located at the above address. It is currently a 3 bedroom 1 and a half bath house with 1378 square feet. Literal...
Hello,I am having an issue with an estate sale property that I am looking for help on. I have really two main questions: During a probate/estate sale where the decedent dies intestate and there are two co-administrato...
Hello everyone,I am having trouble getting answers regarding a split use property that I am about to purchase. The property only has one house number and per appraisal is a single family residence. However, there are ...
I touched on this on one of Pauls posts but here goes.... Guest checked in Saturday. Late Saturday night (midnight) I got a message and the thread goes as follows... guest: "Hey just FYI your tv is broken Netflix on d...
Hi Everyone,I am looking to purchase an investment property in Apex, NC. (I live in SF, CA).I found a property I like, but the inspection report just came back with a lot of items. I was hoping that if I posted the it...
Entertaining the idea of building something unique and smart for the Austin, Texas area or other parts of the country. I’m in the research phase and want to see what people think and maybe make some connections for f...
First good creative finance deal in negotiation! Seller needs some equity to pay medical bills. I don't have all the capital and now have to find a $ partner. Comps and lender appraisal puts property at 218k(1 month a...