Aaron Smith
Passive losses, standard deduction
Hi BPers,Since the standard deduction is so high now at 24k for married couples, its looking like it makes more sense to do that than itemize. If I could deduct the full 25k in passive losses, that would be a differen...
Ian Rogers
How to record seller credits and commission on house purchase
Hey all,
I have searched the depths of the web for many hours to help me get my my finances in order on QBO. I'm nearly there, but just need help with one more thing.
I'm a real estate investor and my own agent. i ...
Jorge Vazquez
How does a flipper make a profit (It's not what you think)
How does a flipper make a profit (It's not what you think)Rehabs lose money? Discount at the time of the purchase is what makes money.
John Hoover
Sell my house or Rent it?
I’ll be moving in with my girlfriend soon and I’m looking for opinions on whether to rent or sell my house. I have rented it in the past but I am considering selling now. Here is some of the relevant information:Estim...
Eric James
Bound to original contract during renegotiation?
I am selling a SFH and during the option period the buyer is renegotiating based on the inspection. I may be getting a higher offer from another buyer, and am wondering: am I still bound to the first buyer's original ...
Kurt G.
2nd Flip = $26k Profit! Lessons learned = Invaluable!
Purchase Price: $39,000Buying Costs: $1,000Selling Costs: $10,400 (Incl. commission, buyer's closing & warranty)Rehab & Holding Costs: $24,400Sale Price: $101,500Profit: $26,700Holding Time: 112 days cl...
Steve Hicks
Looking for some advice for re-negotiations with a seller
I’m currently in the process of purchasing an “as-is” rental property for $100k. The inspector has just confirmed it will need a new roof. How should I now approach re-negotiations with the seller? Thanks
Jeff Lockshine
Eviction vs. Hold Over Section 8
I have a month to month Section 8 tenant who has not paid their portion of rent since the beginning of the year. On March 1, she was sent and confirmed receipt of a letter of non renewal and notice to vacate. I gave...
Cheryl Daniels
Refusal to pay storage fees of abandoned property
I have a tenant who was on month to month. They violated the lease by smoking several times. I gave them written notice to vacate in 30 days. The tenants complied but left behind garbage and large furniture. They ...
Marcin G.
once your flips sells ..
Once you successfully rehab your property, market and sell, I understand new owners might decide to sue you for some hidden/undisclosed defects, title issues (?) other things …is there some list of things that prev...