I am self employed. These last two years I’ve been writing it off as a loss because of trying to expand and grow my business I had to use revenue coming in to buy new equipment and tools, payroll etc.As of business cr...

Hello everyone, I have one single family home as a rental property that I purchased in March 2015.  It cash flows on a monthly basis pretty well and I was just wondering what I can do to maximize deductions on my 2015...

I have someone that is nearly done with a remodel/flip and needs $10k to shore up loose ends, etc. They'll repay me $13k in 90 days. I don't know this person too well. I plan to have them pay for prelim title to see w...

Hi all,First post here and I couldn’t find it answered anywhere else - I have a 2-unit in Portland Maine built in 1920 and for the first time this year the fire safety inspector measured my upstairs bedroom windows an...

1 lease and 2 more apps on the 5 unit town homes!

I'm speaking with a commercial lender for a package of smaller SFHs, and as collateral in case of default, he wants:1. First mortgage and assignment of rents on multiple residential properties2. First position lien on...

Hello BP!,
I am considering a 4-unit in Bakersfield that is need of some serious work. I am looking to do a inspection before I purchase and would love to receive some guidance or a solid referral! Please share!!!

How much weight do you give to tenant requests? The fridge needs to be replaced and the tenant wants a side by side with an ice maker. The difference in price vs a basic fridge is $200-300. Another question: do you pa...

Hi all,
We have a swimming pool at our property in Sonoma, California. Because of coronavirus, we are seeing more demand than ever before b/c we're only an hour away from San Francisco and everyone wants to spend the...

Hello,
Anyone selling/flipping homes on owner-carry as a dealer? No landlord headaches vs holding for appreciation, but wow-the short-term capital gains (ordinary income rate) plpus the self-employment tax b.s. real...