On my first deal in Columbus, Ohio, the appraisal came back at the exact purchase price. My understanding is that the lenders usually want the appraisal to come back at exactly the purchase price so buyers aren't allo...

Hello BP Family, so im in the middle of closing in a multi-unit in salt lake city Utah and I just got the meth test results back "Salt Lake County currently uses 1.0 ug/100 cm2 or higher as the decontamination standar...

I own and rent out a condo unit, and also serve on the condominium's governing Board.  A few years ago, we changed the rules to prohibit smoking in common areas, including exclusive-use common areas such as patios.  T...

*Incomes over 8-Figures*So I’ve tried to avoid publicly coming out as far as what my financial situation will look like going into 2021, however I keep getting conflicting advice from each new CPA and tax attorney I s...

Spoke with a guy who has invested in Real Estate for 30 years and is looking to sell some of his investments at the end of this year or beginning of next year. One of his investments is a 10 Unit Apartment Building.Go...

Is there an expert on the 8825 that can advise what's the best way to handle Misc. Expenses such as Accounting, Office Expenses, Suplies, Tools, etc.?  I just started my LLC in 2015 and filed my return last year loggi...

Hi Guys,
If we received  36 k as a rent  on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...

Hi folks for some reason this title came to mind. Please do not take offense to my humor but I saw the Microsoft for dummies 2 days ago and thought of this title. Ok down to business. If you had to do a step by step r...

If a selling Realtor knows of a problem in a house (i.e. Foundation, Flooding, Fire Damage), discovered by a previous buyer inspection, would they be obligated to disclose this problem to a new buyer?

My neighbor was arrested 8 months ago and will have to serve a 3 year sentence. Before he was arrested I was trying to buy his property. My local realtors have not been able to help me, nor is it listed. What are some...