Mary C. Mathews
I have repair/replace warranty but tenant buys new fridge.
I have tenant in townhouse in Illinois with no lease now. I have contract with Warranty Co. for appliances - if appliance cannot be repaired they replace it.On Monday tenant says there is a leak from ice maker. My War...
John Fitch
Buying Tax Sale Properties Rules
Looking into Tax Sale Properties but are a little confused on the rules. Some Counties state that the ex owners have a 1-2 year redemption period after the sale. What exactly does that mean when it comes to using the ...
Ross Stegall
Active / Passive Partnership Contract
Hi all,
I’m looking at investing with a partner and I had a few questions I was hoping the BP community could help me answer. So, here’s the details:
My partner will be the passive/ equity investor and will be contr...
Josh Smith
Taxes: WFH expenses California CA 540 -> Form 2106
Hi,
Any thoughts on filing Form 2106 as part of California Form CA540 line 19 “Unreimbursed employee expenses” for WFH expenses? WFH means utilities, internet, phone which I use towards office work when working from ...
Colton W.
Screw on tenant's toilet seat broke and tenant bought new toilet seat.
Hello, a tenant of mine is asking me to reimburse them for a new toilet seat they bought because the screw on their current one broke. Is this my responsibility? If it was a new tenant I would cover the cost of the to...
Kathy Crosby
Partnership
We have a hard money loan that we are refinancing with our husbands - the property has been rehabbed, its just not selling. It is a unique property in Galveston and will take some time to find the right buyer. Hinds...
Joshua Hogan
Short-term help to finish project
My wife and I are doing a BRRSTR. We purchased it in July and are in the middle of the remodel. Our loan company is great, but they were unclear about the reimbursement process. We are stuck. We don’t have the cash to...
Christopher M Miller
Tenant Paid for Repair on Rental, Can We Write off Repair on Tax?
We have a rental property where a new tenant has settled in for about 4 months now. Before turning it into rental property my family and I moved there and we took good care of it. Our tenant has informed us they paid...
Sheena Drake
Capital ex (roof) cost within a rehab loan
In purchasing for BRRRRs, our bank provides the loan with built in cost for rehab. So my question is, do you report the cost of the roof to your CPA when you are reimbursed from the bank for such, or wait until rehab...
Ryan Moore
Who's heard of Bankers Healthcare Group?
I got a solicitation in the mail from Bankers Healthcare Group, claiming this "invite only offer" to select pharmacists. Normally these get trashed without further thought, but I was just curious if this is a known l...