Blair Carney
Home equity agreement - is it a scam?
This popped up on social media, and my first thought was "SCAM!" I thought I would post about it here and use the wisdom of all the great people in the BP forums.
This is a product called a home equity agreement. It...
Chris Johanski
Mtg. Int. Tax Deduction on a Contract for Deed for buyer?
state of Minnesota, can a buyer on a CD claim the Mtg.Int. Tax deduction if he/she is making the mtg. payment or enough of a payment to cover the mtg? Also, what if the house has no mtg. on it with the original owner...
Maggie B.
Section 8 a good idea?
Hi everyone! I am currently considering the possibility of investing in properties in strategic locations under $100k and listing them on section. I understand these would probably not be the ideal tenants. However, I...
Chauntelle Wood
Co-Owner can't find co-owners to sell property
Hi! There is a property that I was interested in purchasing, but the person who I reached out to only owns a portion of the home. She inherited her portion from her mother, but as it turns out, her mother owned in wit...
Robert Hetrick
Property Management Communication
HI BP,Another question from a newbie:I have a property that the lease expired at the end of last month, 3/31. It is a Section 8 property, about 65% of the rent is paid by the gov't.When I received my owner statement...
Vittal Premachandran
Solar Tax Credit While House Hacking
I will be house hacking my primary home and I am wondering that are the implications on Solar tax credit and bonus depreciation?- Can I take the full 30% solar tax credit if I house hack a portion of the house? If not...
Aisha M.
Options for tenant Rent back pay
Hey, I would like some suggestions to help my tenant catch up on back rent for July. Should I spread it over the remaining 11 months on top of her rent or are there any other options where I can get that money sooner?...
Grace Fukuda
Tenant does not pay the rent over times. Should I evict him?
Hello,I purchased a single family home last November, and one of the tenants(two tenants are paying rents divided half) has been late paying his portion ever since we took the ownership.He was late few days but paid i...
Shari Posey
Section 8 applicant on Gov assistance question
I got an application from a nice young woman with a Section 8 voucher. I haven't done a Section 8 in about 10 years and I inherited that tenant (no problems with him or Section 8.) This woman is also on public assi...
Mary Jay
how to calculate the tax after a sale of a rental
Hi guys,Can you please help me out?I am in a 30% tax bracket (not sure if this is important)I was thinking of selling 2 rentals.1) Rental 1. Bought in 2009 for 25K, now its 100K2) Rental 2.Bought in 2021 for 145K, no...