Greg D.
New Porch Tax Implications (expense,capital,partial disposition)
I just had a new 3 story porch installed on a 4-unit residential building for $18k. This included the cost of demolition / disposal of the old one and construction / materials of the new one.1. Can I expense the cost...
Camden Smith
Must my investors be accredited investors?
I want to syndicate a deal that will be around $600,000 (2 duplexes). Must my investors be accredited investors? What are the rules regarding this.I plan to pool the money with a few friends of mine. Can we do this wi...
Jessica Gilbert
Can't find an appraiser!
I have called 5 different appraisers and left messages (2 each) and the only one who called me back did so to tell me he no longer handled residential appraisals. I do not know what I could be doing wrong. Is this a c...
Ray S.
Shady unit split
I have a multi family home. My studios get rented the day they become available. The 1& 2 bedrooms take longer, and generally can't get as good of rate per SQ compared to the studios. The 1 bedroom 2 bathroom can ...
Semilore Lawal
Best and cost-effective ways to rent-by-the-room or rent basement legally in Canada
Hi
All,
I
found that single family in Canada is only profitable if I rent by the room or rent the
house as two dwelling units (basement and upper floor).
The
problem is a lot of cities in Canada have strict...
Michael Plaks
Update on the current pathetic condition of the IRS
Sobering assessment from the annual report by the Taxpayer Advocate Service (a semi-independent branch of the IRS basically tasked with specific and systemic problem resolution):- 10-month refund delays on paper-filed...
Jacqueline Brown
Under contract...property needs electrical work.
I'm under contract on a home in a small town where I grew up. All things have checked out on the home inspection except for the wiring. It's a 1948 home (no worries, I'm aware of the headaches that may come), but I've...
Scott W.
electrical inspector is stalking me
inspector showed up 1 day & got red tagged, with a stop order, for no permit (my fault). we applied for the permit & 2 days later, i called the inspector to apologize & when would the permit be ready as my...
Cody L.
Guys - Charge late fees (from a call I had)
I really do try to 'pay it forward' with regards to the help I got from friends I met while starting my own real estate journey. So that means replying to messages from BP when I have time, and checking in on forums ...
Mikey Reinhart
New member, Just asking for opinions on rental
Hey Bigger Pocksts first and foremost I want to say thanks for all the valuable information, The way I found the site was kind of random just looking for information on a house that has kind of fell in my lap, and fro...