Lloyd Fraction
How to calculate costs incurred during Buy/hold/cashout refinance
Looking to participate in my first buy / hold / cashout refinane .
I was wondering how do I calculate carrying costs and other costs such as Insurance ,closing, cosimission
Patrick McCabe
Can I deduct expenses incurred prior to listing my STR?
I purchased my property in October 2018... however I did not list it on Airbnb until January 2019...therefore I had no rental income in 2018.Can I still deduct expenses such as mortgage interest, property taxes, depre...
Julie Halloran
Tax question: Incur rehab costs before or after Jan 1st?
I'm currently undergoing a renovation on a 2-family I purchased a couple of weeks ago. I anticipate the renovation to last past the new year, and will include items like painting, refinishing floors, new kitchens and ...
Jessica G.
Liable for damages incurred for backing out before signing lease?
This clause was in an application I filled out: "If the Applicant cancels this application after three (3) calendar days, Applicant will be liable for damages based on per diem rent for the monthly amount for the apar...
Marco G.
Incur $9-$11k expense to increase rent $130/month to $1250?
I have an inherited tenant lease that is expiring at the end of Feb. They were at market when I purchased, but property needs major rehab to re-lease. I estimate $9-$11k including make ready, lost rent, and lease fee....
Jap Path
PA : Quit claim deed to single-member LLC incur transfer tax?
Hi BP Community ,I have purchased a property in PA as individual ownership. I am looking to transfer it to an LLC through quit claim deed. My bank is OK as long as the owner of the LLC and and property match 100%.does...
Melanie Fletcher
can I sue to recoup costs incurred due to bank's incompetence?
My situation..... sorry in advance for the long post!!My husband and I are NYC residents looking to purchase investment properties in Pittsburgh, PA. Since July we have been working with a local Pittsburgh portfolio ...
Iris Luo
HELP: Property management company incurred maintenance costs without my approval. (Bakersfield, CA)
I am currently in a tricky situation with one of my investment properties in bakersfield, CA. The previous tenant moved out, and my property manager sent me a list of items that the tenant is disputing (i.e. they want...
Bryan Odom
Can you write off expenses that were incurred before you bought a property?
Hello everyone,I'm a new investor and haven't bought a property yet. I've read that you can write off expenses such as conference registration fees and mileage. I plan to purchase my first property before it's time to...
John Pak
Can I deduct $1200 expense for a property I did not buy?
I incurred about $1200 in expenses in trying to buy an investment property. After many inspections, professional opinions, and negotiations, I backed out because the price was too high vs. estimated renovation costs....