Jay Garcia
Subject to pre foreclosure with equity
Hey everyone, I am a new investor exploring options and trying to learn as much as I can. Right now I have questions regarding buying a property subject to existing financing. The property is in pre foreclosure. I’m f...
John McAuley
Suspended Passive Loss Handling
As a high income earner, I have suspended passive losses accumulated from previous years. As we buy more and more long term rentals (we have purchased 4 in the past 6 months), my wife will be able to claim the Real E...
Brandon Yuan
Self Storage Units Charity Donation Tax Issue
Hi all I got a question here. I acquired a self storage facility last year. Previous owner donated 9 storage unit for free to a national charity organization for their use. They issued a donation confirmation letter e...
Robenson Exume
Frustration and can't close
Hello all,
I think I have done something real stupid and I want to share and need help to fix it. I am dealing with this broker that does not seem able to get me to closing. I have given him all the money that he ha...
Joseph Ret
Tenant not paying rent
Hi,I am looking for a bit of advice and guidance about a tenant who owes several months in back rent. I have already taken them to small claims court and we have agreed that they would pay the entirety in full by the ...
Anthony Schiano
Some Help/Questions on Getting Started
Hello everyone,
My name is Jonathan, and I wanted to get involved with real estate investing.
I'm thinking about starting a short-term rental business, rental arbitrage, a laundromat, or partnering with someone in r...
Victor B.
How does accelerated depreciation work + request for resources
One thing often mentioned on the BP podcasts is benefiting from accelerated depreciation for tax purposes (specifically, I'm talking about taking a 100% depreciation in the year of purchase). I recently reached out to...
Elena S.
Buying a Rental with 24 Liens on Title
Hello, I am under contract to purchase a triplex in Kentucky. The Seller has declared Chapter 13 bankruptcy and the property has 24 liens on the title. Most of the liens were addressed in the bankruptcy filing and the...
Kristen P.
Tenant or landlord present for maintenance ?
In general who is responsible for being available to let in contractors for maintenance on a rental property, the tenant or landlord ?My husband and I usually schedule maintenance for a day I am available if we are me...
Hunter Hassebrock
First Purchase Loan Type
Hi Everyone,My name is Hunter and I am relatively new to the BP Community. I have been reading the UBG and forums, and listening to the podcasts while gearing up for my first purchase. I am interested in investing in ...