I received a notice from a Health Department that one of our units has a Lead Paint. The apartment was tested and it seems the doors, door jambs, windows, window trims, porch and back staircase are all painted and hav...
I put an offer on a two-family home with a decommissioned underground oil tank. I just found out that the oil-tank is actually under the ground floor apartment and the current owner will not allow for soil testing bec...
Just an FYI to those investors that either hire contractors for the repairs, renovations, painting, etc. OR Do It Themselves - the Federal RRP Lead Safe Certification Law that was passed a little over a year ago, is n...
What is Real Estate Professional Status?
Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other typ...
Hello - Folks I am remote property owner of SFH in Austin area. I own a home relatively new (5 years) and there was a major leak in the house that I had to get fixed and a lot of restoration work is needed. I believe ...
Well, this might affect the BP Conference a bit: https://www.wwltv.com/article/..."New Orleans residents and out-of-towners will now require proof of vaccination to enter restaurants, bars, music venues and many more ...
Hello BiggerPockets Forum,
I have tenants in my SFH rental property in Virginia that are giving me a headache. The basement, where one of the tenants is living, has had some minor flooding. I've spent several thousan...
Hello everyone!
I'm reading a lot about passive vs non-passive rental activities and cannot really find a clear explanation.
This publication from the IRS says:
1. "Material Participation: A trade or business activ...
Does anyone have experience with flipping flooded houses in the Houston area? I’m in need of some insight. I’m told I need a mold certificate from my realtor but the testing company only provides a report??
I'm looking for feedback to help improve a new service that I created.
[Disclaimer: this will be a commercial service from which I stand to benefit.]
I am an assessment scientist with a Ph.D. in Psychol...