I own but have loans on two properties - a fourplex and a duplex. I live in one of the units of the fourplex and rent out the other units and rent out both units in the duplex.
I didn't look into the legal ramificat...
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Hi BP community, I am in the midst of buying a 3 family property, the list price is $440. My initial offer on the house was at $420k, which was beat by an above list offer. Lucky for me, the offer from the other par...
Hello,
Just finished my 2022 taxes but it made me realize I have a situation for 2023 taxes that I don't know how I'm going to handle. Here's the situation:
- Had a pipe freeze during a cold snap, led to fairly exte...
Ok so one of my distant family members in Massachusetts owns a condo that is on the ground floor.
A week ago he hears a gurgling inside his apartment and notices his walls start bowing out.
Water is coming into his ...
I need to transfer a property from my sister to my LLC. However, I am concerned about the tax implications. We were thinking of doing a quit claim deed for $100. Any insight into the tax consequences of this transfer?
HI Bp,I lost about 60 shingles on my duplex during Hurricane Irma. The total sq feet of the house is about 2200 sq ft. How will an adjuster determine repair versus replacement? I have quality renters and do not want t...
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My wife and I have a house we bought, mortgage is in her name, but the deed of the house is in both of our names. We’re looking at getting another property with the mortgage in my name, leaving her off. Right now taxe...
Does anyone have advice on how to conduct quit claim deeds during a wholesale deal?