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Results (2980)
Marcus Welson Capital Gains offset by loss on assigned debt
4 September 2024 | 6 replies

Hello fellow posters. I have an unplanned capital gain over several decades due to a property interest I inherited. I also have the opportunity to be assigned a debt owed to a professional services company. It is like...

Amanda Thompson Sneaking in an extra pet
13 September 2021 | 29 replies

I have brand new tenants who apparently snuck in an extra cat. I was clear when we met that we have a 2 pet maximum. It's also stated more than once in the lease, and they have a pet addendum. My maintenance guy told ...

Will Johnston Tax Deductible Uses for Extra Funds from Cash Out Refi
15 May 2016 | 6 replies

I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...

Spencer Krautkramer Can Deductions Exceed Rental Income?
6 October 2023 | 9 replies

I am wondering what happens if the expenses towards a rental property exceed the amount you get in rental income, what happens that that excess dollar amount? I am currently house hacking (living in one unit of a dupl...

Mark Scarola NPN Foreclosure & Remaining Equity in Property
6 May 2014 | 3 replies

I've seen a couple of conversations here on BP about what happens to any remaining equity in the event that a NPN holder forecloses on a property. The assumption for many seems to be that the investor would get all...

Derrick Alfonso Tafur A question before property investment......
2 May 2015 | 3 replies

Hello from Ohio,     I'm finally at the point where my wife and I are ready to build a new house.   I've been tossing around the idea of using my current house as a first rental property and have already had multiple ...

Johnson H. $196 Million Chapter 11 Bankruptcy Story
13 October 2014 | 8 replies

I see a lot of new investors on BP and I wanted to share this story of a very prominent investor, hard money lender, developer, well known in the community that filed for bankruptcy during the financial crisis. He was...

Jacob Stone Market Crash Strategies
16 June 2021 | 6 replies

What are some of your ideas or strategies in place (outside of 6-12 months of reserves on hand) that you have for your long term properties for when the market/economy crashes?

Shmuel Harris REO: Are Banks allowed to Fix & Flip?
30 December 2015 | 4 replies

My question is pretty basic...Are banks allowed to fix and flip?I am trying to figure out how to get my foot in the door. My market (NYC) is pretty competitive and I don't really have too much that I am able to offer ...

Kaitlin Neary Short Term Rental Bonus Depreciation for high income earner
13 February 2023 | 10 replies

Hello all! We are relatively new at real estate investing, and are looking for ways to still secure properties in 2021 and benefit from a tax standpoint. We do not currently have REPS, therefore had heard a good way t...