Hey all -
As I understand it one person or company can complete 5 land contracts and only be taxed on the actual payments (installments of say $1,000 / month).
However - if one person or company does 6 or more land...
How many of you have read a good portion of the health care bill?
I must admit, I coudn't sit and crack out 1000 or so pages of legal jargon at one sitting but, I did find a site with some bullet points, then I loc...
When a property averages less than a 7 day rental period over the course of the tax year and qualifies as a non-rental activity, and non passive tax treatment, how is the rule about personal use affected? Can the owne...
Looking to purchase a rehab and the seller has already remediated a mold issue by using bleach and painting everything with Kilz. I am pretty sure this is not the correct method. The house had mold in the attic a...
Hi BP Community,I just got an accepted offer on a Duplex in a class C neighborhood. After accounting for vacancy, maintenance, capex, and property management I'm looking to cashflow around $415 per month with an 18% ...
Hello BP Nation, I am in need of some help on my 1st Flip. We are just finishing up on demo and when removing insulation on the interior walls of the finished basement there is an overwhelming smell of mouse pee odor...
I am in the process of acquiring a MFH in Alabama. The home was built early 1900s. As it relates to termite inspection/prevention, would it make sense to purchase a termite bond. The cost for it seems pretty high and ...
Anyone know of any lenders that don’t require 2yrs of work history? I’ve considered an FHA but that’s very limiting being I’d have to live there. I have a job but I know I can get into REI much faster with the right c...
Here’s how in 6 easy steps:
1. Check local regulations.
First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.
2. Update your insurance.
If they do, inform your insur...
We’ve been told by our real estate agent and by a lender that we can use the 1031 exchange for our primary, however, everything I’ve ever known about the 1031 is that it is ONLY for investment or business purpose, NOT...