Carmen Marron
Tax Issue for Private Lending/Investing
Hi Everyone,
I'm new to this forum so I apologize if I chose the wrong forum for this post but I hope it is correct. I have a situation with some of my clients and I am trying to determine the best way to ha...
Diana Klauman
Reo counteroffer
Hello BP! Short time reader first time poster. Facts: List REO price $88,900. Cash or conventional. Listed for 65 days (I know it's longer but listing was allowed to expire and then was relisted). Reduced $5,000...
Medriand Arnold
Closing at end of month, tenant pays on the first
Hello BP family,I closed on a duplex at the end of December. The home is fully occupied and the tenants were made aware that the home was being sold. One of the tenants has already paid for December, but the other one...
Brett Stander
Buying a home in low income areas
Hello!
My name is Brett Stander, a fourth year finance major graduating from Drexel University in Spring of 2021 (five year program).
While I understand the value of working a 9-5, W-2 job, I also see fear the dry, ...
Kevin Macdonald
Depreciation question when paid less then land value for house/land.
I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
Dom Battezzato
You cant target motivation
To all new investors, who are driving for dollars and looking for distressed-looking houses, stop wasting your time. This comes from an investor who used to walk around and door knocking on distressed houses, get yell...
Haider Abdullah
Post sale issues - electrical
BP community!We sold a home in McKinney (Texas) a few months ago. We did not get permits on electrical. The buyer had their chance to do DD and did not bring any attention to electrical. The buyer has now come back an...
Dan D.
Investing and Property Taxes: States
Do you guys/gals ever predetermine which state/area to invest in by state/county tax rate?When I view some of the properties for sale in the marketplace; I review the figures and get to the taxes and see a big differe...
Ev Conrad
Liquidated damages if no *good* loan...
Hello all,Have an offer on a property, since I am using the property itself for the loan I am wondering if the lenders I am prequalified with only offer loans with rates/terms I am unwilling to accept, would this trig...
Jennifer Wang
URGENT!!!Is this a good deal?
Hi,I'm a new investor and looks like will make my 1st investment property in my life. But now the situation bothers me a little bit, so need you guys advice, please! General information: Multi(2 units) in west new yor...