Art P.
Mortgage Interest deduction tax treatment on mixed use assets
Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...
Dan Wynn
Real estate is an ideal investment
Real estate is a low-risk and popular investment option. Real estate guarantees a source of passive income, and you can opt to use the investment as your retirement package. The value of real estate constantly increases.
D'Andre B.
Underwriting requesting closing disclosure from a previous deal
Hello BP community, i'm in the final hours of a deal and underwriting is all of a sudden requesting that I hand over the closing disclosure from a deal that I closed 5 months ago. Has anyone ever experienced this? The...
Douglas Harris
Title Insurance nightmare!
**long post alert** I bought a duplex in Washington DC in February (BRRRR). The company that is handling the refi found the different owner of the title other than myself and business. It turns out to be the owner to ...
Andrea Eble
First Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $140,000
Cash invested: $10,000
Sale price: $150,000
This is my first investment property, purchased in the beg...
Easton Hill
How will lenders view the mortgage on my 1st house when trying to by my 2nd house?
Hi Folks, I am looking to move out of my first house and convert it into a rental and purchase a new home in a new city were I will be moving for a new project. House#1(Current residence): Value - $350-380 w/ 230k in ...
Dennis O'Loughlin
Section 8 pitfalls?
My wife and I are considering purchasing our first 6 unit apartment building. The numbers are looking good so far but our only question is that 3 of the 6 units are rented to Section 8 recipients. We have never had ...
Max Bellino
Anderson Business Advisers Asset Protection
Hello Everyone,
Thank you for taking the time to read my post. I'm currently navigating the complex process of finding a reputable asset protection attorney with expertise in real estate. My journey has introduced me...
Wendell Hall
New tax law and $150,000 phase out on deductions
I’m wondering how the new tax law has affected buy and hold investors who phase out at the $150,000 W-2 max income for deductions. My wife and I own four properties in Washington, DC proper, and rehabbed one last year...
Cindy Grigsby
Hoosier Custom Construction
Hoosier Custom Construction (Bryant and Jessica Burdine) did the rehab work for our first rehab project. We bought the house with Mainstay Property Group who used Hoosier Custom Construction to do the rehab work. We w...