I'm relocating to a new state next month and recently converted my house hack to a whole home midterm rental. My property is a 3 bedroom, 2 bathroom condo in Reston, Virginia. I often get asked home to convert a prima...

I have an 8 unit apartment building under contract. I already negotiated the sale price. We had our home inspector and also had our U&O Inspection’s (heat, chimney and electric). We found about $6000 in items that...

I recently won a bid on a duplex I plan to do owner occupied in.  Following the inspection we found a number of small to medium items that will need to be addressed (older boiler, sewer pipe needs replacing, chimney n...

Exclusive: 64% of Americans would welcome a recession if it meant lower mortgage rates (msn.com)My thoughs:- They do not have a good understanding of what occurs in a recession.- Less than 1.5 years ago rates were nea...

I placed an offer on a bank owned foreclosure that was accepted 9 days ago and am currently under a fully executed contract. We discovered a leak in the roof that will significantly increase rehab cost, making my HM L...

Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...

I am in negotiations on a duplex in my town currently. I have offered 95000 on this with the asking price of 114000. This offer was accepted contingent on a home inspection. The home inspection is now back and I have ...

Hey all, bit of a hypothetical question here, but would you be worried if Carson's 15% flat tax would be adopted at some point? He said there would be no deductions...which would obviously have a huge negative impact ...

https://www.kbkg.com/news/kbkg-tax-insight-tax-reform-changes-to-qualified-improvement-propertyAnyone who purchase a new building this year not they should do thisAnyone do it in 2018?MORE:Starting in 2018, there is a...

My friend rented out his duplex to a family 2.5 years ago.  After they moved out, the property was damaged significantly.  The security deposit was $3000 but he spent closed to $5000 to repair it.  He told the tenants...