Aaron Rouser
Rehab Over-budget - Suggestions? (Saint Paul, MN)
My wife and I purchased our first SF residence - 2Bd/1BA - at the end of July in Saint Paul, MN. The goal for this property is to add additional 500sqft of living space in an unfinished basement and add an additional ...
Jay Rugs
We want to buy the farm - and keep our payments low!
We have been offered the opportunity to purchase a large farm that was once in my family and has significant sentimental and historical value. While we intend to occasionally live on the property, our primary goal is...
Michael Plaks
Tax reform Q&A Thread 3 - Itemized and business deductions
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...
Bryan O.
Tax Deferral and How to contribute to solo 401k
As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...
Evan Keturakat
Local/community banks in WA state for investment Cash out refi
Hey BP,
Has anyone in Washington State (Spokane) had any luck on doing a cash out refi on their investment properties? I researched this back in the Spring and found some that might do 4 -4.5% being and investment p...
Steven Holiday
FHA 203k--Working with the Contractor
Hi Everybody. If someone intends to owner/occupy a home after renovations....and the approved contractor has an agreement on the job...Can the GC "supervise" the work done by the borrower or hired help (trashout, prep...
Kenneth LaVoie
Preparing for managing someone else's buildings
I am in the process of selling a couple of our buildings to reduce our responsibilities. The buyer wants me to continue to manage for a year or so. I've been managing the buildings myself since 2009 so the day to day...
Thomas F. Byrne
Help! Can an Owner switch # of BR's mid-negotiation?
Hi. I'm renting a property that I'm currently in mid-negotiation to purchase from the owner. I've had about 6 inspections from various professionals done; the only one I'm waiting on still is the Independent Appraiser...
John Brown
One Realtor For Both Buyer And Seller?
Is it okay or at all common to use one realtor for buyer and seller? If so, should the buyer expect a discount since the seller doesn't have to pay for 2 realtors?Thank you.
Justin Long
Depreciation as it relates to cost basis
I may be thinking about this way to hard. However, I am also a newbie to REI and the tax implications therein. My scenario is simple: Single family home purchased by me and in my name, mortgaged property, and rente...