Hi BP,
I'm relatively new into the landlord game but I'm trying to set myself apart from the other property managers by providing top notch customer service to my tenants. As the holidays are approaching, I'd like t...
How would taxes work if I receive money from a wealthy friend who isn't a "Private lender", but just someone willing to donate cash to help me with a fix and flip. What forms should be given from me to them, or them t...
I am buying home from wife's grandmother in Maine. It apraised for $411,000 she is asking $375,000. She wants to seller finance us but the IRS still makes her charge 2% for a 20yr loan. Are there any workarounds? Coul...
I searched the forums & found many situations involving private money, but couldn't find any like this. How is private money classified/structured if there is nothing being asked for in return - no returns or int...
My tenant came home this evening to find the sewer backed up into the shower in his one bathroom. We are getting a plumber out here immediately. He is going to stay in a hotel tonight. Do we owe him anything for the i...
Need Recommendations in the DFW area - Investor friendly general contractor for a full rehab project in North Richaland Hills.
Hey guys,My dad just threw an unexpected curveball at my two older brothers and I, saying he wants to reduce his and my mom's tax liability/burden by unloading one of his properties (a 1 bed condo/apartment unit on th...
As a landlord, it's very important for me to keep residents as long as I can for obvious reasons. I increase rent annually with renewal but provide an anniversary gift to them upon renewal. This year, rent increases f...
A few years ago I helped my (retired) parents buy their most recent house by directly giving them a $100k cash down payment, and they would like to leave the house to me when they pass in thanks for the assistance (it...
Hi everyone! Looking for advice on how to save on taxes. Thanks for your help!!
Situation: Purchased a piece of land in NY this year with 3 people (Dad, Uncle, and I). We paid for the property by taking a HELOC on ...