Christopher Smith
IRC 179 Question (as modified by the TCJA)
I've been exploring the discussions addressing IRC 199A and the IRC 162 requirement that must be met in order to obtain the new tax benefit under 199A. During that process, I came across the item below which appears t...
Anthony Stefanacci
Modified BRRRR method and short term rental question
Looking to buy our first BRRRR property and in this market wondering if a modified BRRRR method would help. I'm a GC and own a few rentals currently but this would be our first BRRRR. We are in an area where every hou...
William Hirsch
Buying rental property - Can existing leases be modified?
Hi, this is something that I can't seem to find much information on, and perhaps someone here can help.If you buy a rental property with current tenants under active lease, can you as new owner break/amend the lease a...
Leandro Herbstein
Flat roof- EPDM RUBBER ROOF or Modified Bitumen?
Hi BP Community,
I just purchased a foreclosure in Walton, Upstate NY as a getaway from NYC and while I knew the roof needed to be fixed, I just found out that some areas of the roof need to be entirely replaced as t...
Brian Mehrhoff
Modifying an MLS to get more favorable loan.
I am looking at a 5 plex that is for sale. It has one unit that is livable the other 4 need to be gutted. Currently 2 units downstairs have no windows in the bedrooms. (These are 2 bed 1 bath units). So my thought is ...
Dustin DuFault
Modifying a Lease to Facilitate a Cash Out Refi
Team BP,
I acquired a property via foreclosure auction with cash in the name of my LLC. For a variety of reasons, not the least of which is access to financing, I have decided to move the property back into m...
Jerry Kisasonak
Lender wants us to modify ownship interest. Should we?
We have an LLC in which I and my partner have 50/50 ownership. We are applying for a blanket loan which will refi 9 single family homes. My partner's credit has some dings on it and is fairly low. The lender is saying...
Mark Husband-Wood
What is the proper way to modify a lease
I understand that it is best to write the lease as intended in the first place. But, let's assume that's not possible.If something in a lease needs to be changed/modified, what is the best way to do so? Cross out th...
Leandro Herbstein
EPDM Rubber Roof VS SBS Modified Bitumen Self Adhering
Hi BP Community, I just purchased a foreclosure in Walton, Upstate NY as a getaway from NYC and while I knew the roof needed to be fixed, I just found out that some areas of the roof need to be entirely replaced as th...
Chris H.
Inherited tenant's guest is modifying wiring to grow weed.
Full story below: Skip to the bullet points for the tl;dr.I purchased a few properties to be a rental properties from another landlord, who is something of a slum lord and was willing to offload some houses that need ...