Hey BP,Background:I bought a property a few months ago in Indianapolis. The property has a section 8 tentant with a contract ending this summer. The tenant is a lady who has lived in the property for 25+ years, happy ...
Thanks to this forum I found NOLO's Landlord deduction guide and it has been a god send. It's answered pretty much every question I had and the examples are super helpful too. Great recommendation.
Anyways,...
Hello BP family!! I'm new to real estate investment. In a process of getting a condo, that's 2bd/2ba for 113k. I keep finding myself going back and forth between 15 or 30 year mortgage. I want to do 15 year so when my...
Hi all - I know this topic has been hit on a few times but I wanted to ask my question in a very specific manner to get collective expert feedback. I understand I should consult my CPA, and I will. They are, however...
I’d appreciate some feedback on taxes.
My mom owns two houses outright. She resides in one of the houses, and I rent the other which had belonged to my late grandmother. These houses are in Colorado....
I'm looking at the county records for a Single Family Home and it is currently Assessed for 10K but then it lists: Current fair market value 165K... Could I assume that value would be close to the ARV? What do I do wi...
Does anyone have insight to the rental trends in Hobbs, New Mexico? Or possibly Carlsbad, New Mexico / Midland, Texas / Odessa, Texas?Given the weakness of the Permian, I would expect to see rents decreasing and vaca...
I was recently contacted by a third party hired by the city of Sherwood in Arkansas. The city is planning road improvements due to flooding during heavy rain storms. They want to acquire 1,251 sq/ft of land to the fro...
Haven't found many materials that cover key clauses in multi-member LLC operating agreements. For equal % members, how do you determine contributions, distributions and exits? For instance if a member decides to take ...
Hey guys,
I just got notice from my tenant today that he wants to break the lease for two properties that he's currently renting out. The lease does not expire till 9/30/2014 and 1/31/2015 respectively. I went throug...