Dan M.
Converting a rental to a primary residence
Hello all,Has anyone done this? If so what are some things to consider. My biggest question really is do you have to pay back expenses and depreciation on the conversion, or does the basis just stay lower when you go ...
Brandon Shaw
New Investor Starting Checklist
I'm looking into buying my first property but before I do I want to make sure I have all the information to be successful. Below is my checklist of everything I can think of to take into consideration but any recomme...
Danny Cuevas
Hello from Norwalk, CA
My name is Danny Cuevas and I got involved with Real Estate investing in August 2008. I have a 9-5 job testing the L.A. Times web site. Yep, I get paid to surf and break things. I do Real Estate investing part time. ...
Akmauri Glymph
St. Paul Minnesota- House- Water Lien
Can anyone tell me about the St. Paul real estate market. I've just gotten a call from a lawyer representing a seller who has a 10k water lien on his property. 1) Are water liens commonplace in MN- and is it handled j...
Rajesh T.
Accumulated passive Losses
Hello Guys,I was told by my accountant I cant file my RE losses on real estate for 2015 since my income exceeded the limit, I have not setup an llc ..how do you structure the above to show your losses, I was told even...
Nat C.
Buying property with lien
I really hope some seasoned investors can help with this issue.A duplex has come up on the MLS for 300K. It's in a highly sought after area and priced at $100 per sq ft which is well under market value.The listing sta...
John Rossi
1031 Exchange on commercial properties
I purchased 3 office buildings as a package back in 2006. I'm selling them individually and have the first contract. Can anyone tell me generally about the tax consequences. I will be taking my taxes to a tax accou...
Sean Larsen
Can you BRRRR anywhere there's flippers? Episode 327 discussion.
In BP episode 327, they make the point that if there are flippers in a market, then BRRRR will work. Is this appropriate thinking?For example, let's assume you BRRRR perfectly and refi all you cash invested out of a d...
Jackson Long
"you don't need to pay rent" announcements
I am trying to collect all announcements, video clips, etc... of Government sources indicating people can in any way get away with not paying rent during this mess. Please post links.
Hannah Mulvey
Water bill $5,000 in one month!! HELP!
I purchased a multifamily home in a tax auction in September 2014. There was a past due amount for water which amounted to around $1,000.00. We knew we would be responsible for this, and once we received the deed, we ...