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My step mom is giving me a house and we want to be aware of the best options to transfer ownership in my name, while avoiding any heavy tax consequences. Any insight would be great!
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Hi,I'm a newbie from Wayne, NJ..I am soon to be the owner of several apartment buildings. I am new to management/ownership. I am eager to learn more on how to maintain my property and maximize my profits. The buildi...
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I currently have a three bed SFH being rented out to, originally, a family of 4. Recently, another member of the family is now living there, without my permission. They always pay on time, keep the house very clean......
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Hello All,I recently bought a property which I used a private lender. I'm currently working to refinance the property and ran into a few issues/concerns. The loan amount is only 32k so many of the banks i have tried...
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So, I have my first property under contract. I'm excited about it because it offers good potential as either a flip or a rental. In deciding between the two options I'm wondering:Which strategy has more tax advantag...
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The entire left coast has become a joke. Landloards can't enforce lease terms and basically have to let tenants live for free while they damage the hell out of the place (situation I'm facing).Attorney I spoke with to...
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Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
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I recently had someone suggest adding an "early termination of lease" clause to my future rentals, as I just got stung on that one.Veteran landlords, what lease clauses have saved you money and sanity? I realize there...
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Hello BP, I have an old duplex in Cleveland with about 5 pages of code violations. This happened because I was evicting a tenant for non-payment and they called code enforcement. Some violations will be very pricey to...