Brandon Acevedo
Is doing the brrr the right move for me
Hey all, I’m looking at buying this house and it’s a total dump. But it’s super cheap for the market right now. I currently own a home and am living in it. It’s next to a college so renting it would be really easy. Th...
Mike Russo
Who Pays - Tenant or Landlord?
Hi all,I am trying to hammer out the repairs and replacements a tenant is responsible to pay for as well as my responsibilities as the home owner. I have been reading on BP and the answers are all over the map. Will y...
Coley Mitchell
POA charging me for work I never approved
Hello BP,
I am dealing with an issue with my POA management company and am wondering best way to deal with it.
My unit (located in GA) had a cracked window in my rental property that I guess is a common...
Gunnar Sevart
POA not valid, but seller wants to get rid of house for mother
Working with a seller in DC that is acting on behalf of his mother who has dementia and is in the hospital. Without realizing that his POA was not valid (until our trusted title company informed us of the incorrect do...
Jeff Moule
HELOC write-off when used for purchase of property
We used our existing HELOC for a 100% purchase of our latest rental property towards the end of last year. Can we write off the amount of the interest, $1446, as an expense for the rental property? The interest rate ...
Kyle Curtin
The concept of “mentorship”
Something that I have found among new folks getting into real estate/ business is the concept of “finding a mentor”. Many people think that you can’t move forward with anything unless you find your “mentor” first by d...
Stanley Denman
Value based upon Actual Rental
I am looking at a SFD with existing renters of several years who want to stay. My prior limited experience with landlording is that securing and keeping stable tenants is the most important goal. I was wondering if t...
Kelly G.
Re: 1099s and taxes: Clueless prop. mngr? or clueless owner?
Greetings all;
2013 was my first year as a landlord. I hired a PM who managed my SFH in WI for 8 months before I fired him for negligence. that's another story. His accountant (?) sent me a 1099 listing o...
Kurt Gibson
Bank Reporting Issue - killed my credit
I have a house under contract and found out the Bank my MHP mortgage is through has had reporting issues. They haven't reported that I have paid the last 3 Months and it shows that my Credit is now 580, was 820! Th...
Jessica Seppo
Schedule E: Married file jointly
Hi All!Question about LLC’s taxes. My husband and I have a Single member LLC in MI which is not a community property state. We file jointly and are both listed on the Schedule E for our properties. Is this the best wa...