Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Alice Ouyang
Buying turnkey, will seller pay half of closing cost
Hi my dear BP community, I am new to REI and going to purchase a turnkey. I want to ask if the seller usually pay part of the closing cost. My current contract asks the buyer to pay all closing cost, but my lender men...
Joe Mamma
half off 1st month's rent?
My landlord advertised "half off 1st month's rent". When signing the lease, I didn't read everything carefully. Rent is $750. We moved in on the 7th of April, paid $375 rent, got a credit for $375. I talked to the...
Minna Reid
Convert half bath?
I start a rehab next week...it's a 3/1.5 cape. The washer and dryer are currently in the half bath. My original thought was to leave as is, but do you think it would make sense to move the W/D hookup to the basement ...
Freddy Pettiford
List Source question
I am building my first list on list source. At the end when it is time to purchase the list i see there is an option to purchase half of the list. If i do this will i be able to purchase the second half at a later time?
Don Ireland
Owner Occ Duplex: Accounting
I'm in the final stages of buying my first rental. This will be an owner occupied duplex. Since I can't include expenses for my unit for tax purposes, I'm wondering how I should handle accounting for my unit.
Shoul...
Matt M.
Would you guys do this deal?
Hey all,
So I own an attached SF, it is a “half double” or “half duplex” as some call it. I bought it 3 years ago, stole it on a Hudson & Marshall auction. I have been interested in the other half since day one.
...
Jared Bestebreur
Is a partnership a good idea?
Does anyone recommend or have advice on doing a joint partnership with another couple? Seems like there could be pros and cons to it, the biggest con I see is that we would need to own twice as many properties to reac...
Cody Barrett
Age characteristics of a Roof
Hello there! I drove past a duplex that was for sale. The roof looked to have darker spots on portions of the roof but the description says "newer roof" etc.. It just looks like worn spots on the roof to me from a dis...
Lars Sommer
Evicting someone who doesn't have a lease
I'll keep this as drama free as possible.I met a girl who had two kids and we got pregnant. I lived in a condo at the time (I still own it, it's rented out but losing $300 a month and I have a $48,000 special assessme...