I have an investment property that currently does not have any mortgage.  I would like to open a line of credit on this property but the first 1/2 dozen places I have called, have done mortgages with these banks in th...

I have a single family residence that I initially purchased as a primary residence, then rented out for some years, and now use as a primary residence again.  During the period as a rental, I depreciated approximately...

Hello, I continue to question my investment in Laguna Niguel CA. I purchased a 3 bdrm condo for $365,000 in Dec 2009 with 20% down. I now have a 4% loan but pay $280 in HOA fees monthly. I did about $16,000 in i...

Hello All,

I am wondering if anyone would share their opinion or even expertise on depreciation vs repair.

I just had an old HVAC boiler replaced for $3900 including labor.

I know depreciation would cost out the ...

Below is a question I have asked my accountant, but haven't really been able to get an answer that I can comprehend.  Generally I am trying to understand whether it makes sense to capture renovation costs at the sale ...

Hi BP,I bought a townhouse as my primary residence in 2006. Moved out in 2011 and converted it to a rental unit which I recently sold in 2015. My question is about how to treat the loss for tax purposes. I have a CPA ...

I found several descriptions regarding this rule - below is one description.What is the Five Year Rule?An investor can withdraw his or her contributions to a Roth IRA at any time without tax or penalty. But, that is n...

Hi BP community,    I am a new investor in Southeast Michigan. I am looking to invest in an apartment building of 5-15 units. I found 2 deals and I would appreciate it very much if someone could help me analyze the de...

It's a family home in Richmond, Va that was purchased and renovated from a tax sale. This would be our 1st home, but we'd be relocating in 1 year.  Below are the rental calculations I've come up with. Before I break t...

Hello guys,I've never pulled the trigger on a deal before, in part because I don't have all the capital lined up just quite yet but mostly because I am not confident in my ability to analyze a potential deal.  When lo...