Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Rudy Estrada
Can I deduct furniture expense for a rental property?
I purchased a rental property in August 2018, I bought used furniture for the living, and dining room. Can I deduct the cost of that furniture in my taxes? If I can, in what section do I have to report that? The value...
Carrie K.
Oakland COVID rent cap
I notified residents of a rent increase of around 7 percent, since we'd banked a few years' increase. The City of Oakland then passed an Emergency Ordinance capping rent increases, which states: "any notice of rent in...
Travelle Mason
Are there any NEGATIVE IMPACTS for COVID-19 Forebearance?
I have heard here and there, and although the finacnial institutions state that if COVID-19 Relief is sought, they will not report it to credit agencies there are lingering questions. My question is, are there other w...
Ted Schmidt
Paradigm shift in mortgage lending opens opportunities for rent to own.
A fundamental change in the way mortgages are regulated took affect earlier this year. Provisions of the Dodd Frank Law created the ATR (Ability To Repay) rule and QM (Qualified Mortgage) safe harbor. If the lo...
Ike Phu
New Philly Lead Paint Legislation
Hi All,
What are your thoughts on the new lead paint legislation that will take effect on Oct 1, 2020? Basically it requires a test every 4 years to get certification to be legally compliant in Philadelphia. How much...
Rodolphe Brun
H1N1 mandatory vaccine
Just wanted to know what everybody think about that? They are trying to mandate the H1N1 vaccine in USA and in a lot of free country.
Justin Carter
No Central Air in Units
Hi BP Community! I’m closing on a 3 unit in a few weeks and the property doesn’t have central air. I’m wondering what’s the easiest and most cost effective way to keep the units cool? My initial thought is to install ...
Carl Deeds
BRRRR Refinance Question About Equity Pay Out
Hello! I have a question about the BRRRR method that I cannot find an answer to. My question is this: Once you do a cash out refinance and get your check from the bank, doesn’t that money have interest?- As an example...
Barbara S.
Street Widening on map
My neighbor is selling his property and I absolutely love it! It is the unicorn property in the neighborhood. I am in NYC, this property is tremendous for NYC standards the problem with it is on the survey and street...