Andy Becker
New 1031 'like kind' exchange rules
Can someone explain what the ramifications for RE investment are? Does this just make 1031's more restrictive? https://rsmus.com/what-we-do/services/tax/federal-tax/irs-issued-proposed-section-1031-regulations-for-lik...
Julie Kern
Tenant welding in the basement?!
So, our contractor had to do some work at one of our rental properties over the weekend. He told us today that the tenant, who is a welder, has been welding in the unfinished basement.I'm wondering what the risks are...
Joe Gemma
BGE Cut Off my Gas for Reasons Out of My Control
Hi BP Community,I’m in the midst of a very unusual situation with Baltimore County Gas & Electric (BGE). I purchased a rowhome in Middle River on 10/25 and at the time of purchase all gas appliances were working p...
Michael Greer
Not supplying an oven or refrigerator??
Hello,I just closed on a multi family property and the old owners told me they would not supply any appliances.They let the tenants know that the existing oven, refrigerator and washer were able to be used by the tena...
Eric Samuels
Annual and monthly tasks owning a rental property in Philadelphia
Happy New Year everyone!As I look back at my first year as a landlord I've learned a bunch. One thing I'm still struggling with is creating a list of tasks that need to be done as a landlord/property owner in Philadel...
Ed Morrison
Documented with pictures and issued a 3 Day Perform or Quit Notic
H Everyone. I delivered a 3 day notice to perform this morning on what we thought was a great tenant. I took pictures to document what is listed below. Not sure if that is a violation of anything but I did it anywa...
Jay Peterson
HELP! Offer for Vacant Daycare Building
Hi BP! I'm looking to purchase my very first commercial property. (Yikes!) It is an old daycare building that hasn't been in about 10 years. The broker says the owner is willing to owner finance. The price is $250k fo...
Steven M.
What Subtle Things Might Trigger A Permit In Rehab (L.A., CA)?
As a former home builder and land developer in Los Angeles County, I am quite astute to knowing how and where to submit plans and pulling building and land-related permits and all the fees required to do such work. Th...
Account Closed
what are appraisal requirements to satisfy lender
Hi all,I understand every lender is different however I'm looking for general advice. My situation: I am under contract for a single family 3/1 @100k and am working with a credit union to get a 20 year mortgage with ...
Darryl H.
Final Touches for a BRRRR - Range Hood, Central AC, GFCI Outlets
Happy New Year to everyone! I recently closed on my first home purchase last November. It is a duplex in North Linden (growing C neighborhood) and I plan to cashout refi towards the end of the year. I am doing a full ...