Nicholas J.
Rental properties with unpaid utilities
Where I live properties water and sewer bills have to be in the owners name therefore if the tenant is responsible for utilities the landlord has to pay the bill and pass the bill to the tenant to get reimbursed. My...
Scott Bastarache
Need help on this deal
I found a commercial property for sale with 17 units. Currently it has 100% occupancy. The seller has not listed it with an asking price but has mentioned that there is an assumable loan of $560K @ 5.99% or ask...
Chad Kastel
Question for a NY Title Attorney/Agent
Hello BP,I purchased a property in upstate New York. After we closed we got a bill from the water company that should've been paid by the previous owner or at closing. When I approached my attorneys and asked if the...
Francisco Franco
Best/fairest way to split Utilities in a House + ADU lot
Hey BP Family,I finally purchased my first property and we are excited to meet our goals. The lot has a main 3/2 House with a detached garage and above the garage you guessed it there is a 1x1 Studio. Main house has a...
Account Closed
Financing First House Hack
Hi BP!I am currently working on my first house hack and looking to finalize the financing for the deal in the near future. I was curious if anyone had any recommendations for financing the deal and give any critique o...
Erika Muller
Underwriter problem w/ multiple SFH under 1 tax Id act.
i am looking at a paid off property consisting of 2 lots with 2 separate SFH under 1 tax id act. Each house has individual utilities, driveway & mailbox. Underwriter is looking for proof that property taxes are p...
Sead Osmani
Can someone double check the analysis of this deal
I am new to BP as of a week ago. Can someone double check to make sure I have the correct number on this deal?Thanks!SeadView report
*This link comes directly from our calculators, based on informati...
Bryan Aylward
California Tax Auctions
I am considering purchasing a home through my city's Tax Deed Auction next month but am not sure on the process if I win an auction. So with the home sale, all mortgage liens...etc. are forgiven, correct? Only things ...
Anna Watkins
Older house - include surge protection for electronics in lease??
So I have this older house, bought as a student rental for my own son and his buddy/roommates, all of whom have lots of electronic devices (computers, laptops, xBoxes, projectors, phone chargers, etc etc). Hardly any...
Michael Saberniak
Section 179 Deductions
I have done some searching on this and have not found a straight answer. Does one have to be a "real estate pro" in the eyes of the IRS to qualify for the Sec 179 deduction? Or can you qualify by only being an "active...