Anthony Mikolich
HELOCs and Rental Property
Hello All, I am about to turn my primary residence of the last 23 years into a rental property. I am hiring a property manager and moving out of state. I have substantial equity in the house and am looking at a ver...
David Maldonado
Partnership Questions for first time partnership
Hello,
I am working on a partnership with 2 other partners. I will be doing all the legwork and my partners are responsible for the funding.
This is how the profits will be split: Myself 50% Partner 1: 25% partner 2...
Maen Abu Khater
FHA Self Sufficiency Test
BP Community, There is a Multi-family (4-plex) that I am interested in purchasing. Currently all 4 units are 1 BD 1 BATH Units and with the current market rents for 1 BD 1 BATH..... The property doesn't pass the FHA S...
Atul Mohlajee
Tenant applicant filed a complaint of maritial status discrimination
A potential tenant filed a housing discrimination by maritial status against me (Owner) and realtor (Rental). The complaint was that we gave an apartment to a family and not her (single person). Anyone with experien...
Jordan B.
Property Tax changes
Hello All,When analyzing a rental property, I often find myself playing around with the purchase price to see what price the house will produce a decent cash flow. If I manipulate the purchase price do I also have to...
Sean Thomas
Section 8 voucher in Baltimore City
I have a prospective tenant that showed up today with a 2Bdr voucher and my house is 3Bdr in Baltimore City. I suppose this voucher is only good for 2 Bdr and getting this changed isn't going to work?I have an advert...
Gino Barbaro
What is the best management solution for 10-50 units??
When we first started out, we employed resident managers on our properties. We had a 25 and a 36 unit, and each had a resident manager that we issued a 1099 and paid a percent of gross revenue. As we grew, we replac...
Jess White
What rental REI expenses can I deduct while still a W2 employee?
I am currently still a W2 employee while building my real estate business out of My question is this, what can I write off on my taxes while I am still a W2 employee and not considered a "Real Estate Profressional"? I...
Antonio Harmon
How to Develop the Best Strategy for Real Estate Investing?
Hi BP Community,
I’m looking to refine my real estate investment strategy and want to make sure I’m on the right track.
Here are a few areas I’m focusing on:
Property Selection: How do you choose the right type of ...
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
Hello! My wife and I are both W2 employees. We are carefully looking into starting rental property investing. However, one of our objectives is to reduce the tax burden we face on our W2 income. However, a local real ...