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Results (704)
John Humphries Decking material questions
3 June 2017 | 19 replies

Hi decking experts.  I've got a few deck related questions - 1. Our back patio is treated lumber (the green stuff from Home Depot).  When we bought the property 5 years ago, the wood was in good shape but looking pret...

Account Closed $9k for closing costs??? Lender / Broker Questions
21 June 2018 | 22 replies

So I'm going through escrow right now and realized I'm pretty sure I'm overpaying for the closing costs. I'm being charged $9,071 and through research, it says that it's usually $3.5-7.5k. The house was $90k. Is this ...

Bienes Raices Determining basis of REO property (rental)
13 February 2012 | 18 replies

If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?

I have been told vari...

Tommy Johnson Can I do a 1031 on a fix and flip?
21 April 2019 | 13 replies

So I guess I misinterpreted a 1031 exchange.  I purchased a property Jan 2019, a few months ago.  I fixed it up and it sold this month, and is set to close May 2nd.  I contacted an exchange company and they told me th...

Pierre Victor I’m trying to invest out of state
19 February 2020 | 6 replies

Hey guys, I currently live in Massachusetts, and trying to buy my first rental property out of state, because the market where I am (Boston) is too expensive. So I did some research on which states are landlord friend...

Ryan Keenan Claiming improvements on your taxes
27 February 2017 | 14 replies

hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...

Clint G. Pest control...you pay or tenant?
16 August 2019 | 13 replies

My tenant told me they saw a roach (1 roach) in the house the other day. He didn't seem really upset about it, but it got me thinking...should I have a pest control company come out quarterly to spray or should that b...

Daniel Claroni What's that smell?!?
4 May 2019 | 17 replies

How easy is it to get rid of a bad stink in a house? What if it isn't as easy as replacing the carpets?A house I am thinking about buying has a bad stink that smells like cat urine. The previous owner disclosed that d...

Mike Rash Buy a NOTE to aquire a PROPERTY
10 February 2011 | 8 replies

I am interested in a property that is going through pre-foreclosure for the past year... Here are the FACTS:

1. Property was purchased in 2006 for 450k.
2. The owner took 3 mortgages: 1st - 350k, 2nd 100k, and 3rd...

Todd Mason What’s Better? Pay down rental properties or personal home?
1 March 2021 | 23 replies

I’d like to get some advice as to what would be a better strategy....I am in the process of building a new home to be my personal residence. I will turn the current home I’m living into a STR I also have one other LT...