Paul Kubin
Can I manage my out-of-state properties myself?
I recently purchased my first two SF rental properties out-of-state (I live in CA, they are in Fort Smith, AR). My best buddy in Arkansas was my point person on the ground, and helped me buy them and has managed them...
Hoang Nguen
Question about depreciation for remodeling of rental house
Dear All,I added two more rooms to current rental house. The remodeling was finished on November 2017 and Tenant moved in these two rooms on December 2017. Below is the list of items in the contract with constructor.C...
Giuseppe Scire
Big Ticket Maintenance
Came across a compelling property that meets the 1% rule easily with tenant in place. However, the house is 15 years old, and the HVAC/Roof/big ticket items are nearing the end of their lifecycle. Opinions/experiences...
Bienes Raices
Determining basis of REO property (rental)
If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
Jermaine Washington
Tenet has abandoned property without paying rent.
Hello fellow landlords!Out of curiosity would anyone be willing to share any experience with non-paying renters who've vacated the property prematurely? Is there any legal action one can take or is it just a lost caus...
Zach Heine
Suspended Passive Losses
Hello all! I have a tax return related question for the community. I have invested in a few multifamily syndications since 2018 that provide yearly K1’s. I just now noticed that my suspended losses from prior years wa...
Timothy Johnson
PM / Hard Money Questions
Ok BP, so I wanna reach out to a few hard money lenders to have my money in place once I start getting properties. But want to make sure I was asking the right questions when vetting the HML. So far here are the quest...
Rik Hunter
Allowable itemized deductions lower than what your rehab cost?
Just got my tax return back from the CPA. It's my first time using one, and since I'm no tax expert, I was shocked to see that I owe taxes and that my wife and I only got the standard deduction because the "Allowable ...
Joe Guz
tennants left stuff
I just had a tennant leave this week and she left a small tv,couch, 2 chairs, and other junk. Can I legally throw this stuff out? These people were scammers and Im afraid they are waiting for me to throw it out so t...
Cary Forrest
Surprise closing costs settlement fees
In contract to buy a duplex. Really 2 side by side semi-attached SFRs and got a 65% surprise in closing agency fees over estimate - the day after I drop off contracts and escrow check to settlement agent. The title i...