I'm a couple months into owning a rental property in NY. Bigger Pockets was a huge getting it nailed down! Now I've got my first post-purchase question.The home I purchased was a gut renovation flip. To make a long st...

Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of depreciation and Section 179 changes in...

Hi Everyone - How important is it in Mpls to make sure that tenants are changing furnace filters regularly?  And at what frequency?  I see a number of recommendations at monthly or quarterly, but don't know how much t...

I've been doing a lot of research on rental property tax accounting the past few days and am amazed (frustrated) at how many different answers I'm finding. For example:

1. Pre-rental expenses. On the one ha...

We are selling our rental and doing seller financing. The buyer is getting title insurance. What are the benefits for us as the lender if we get lenders title insurance? Thank you.

Hi Everyone, I 'm new to this forum and need some advice. I'm interested in purchasing an old apartment building that is no longer in use. It is currently 24 units (very small rooms). If I can purchase it for a very l...

0 votesI recently came upon a property being sold in Baltimore, MD that has had an upgraded HVAC, Water heater, and electric panel installed. I checked the Baltimore permits site and there have been no permits pulled....

When we purchase a property and go to add the property to our policy, they always want to know what year the electric and plumbing was last updated. Frequently, either the seller doesn't know, or when it is an REO or ...

What is Acceptable Wear and Tear in a Rental Property?

Hello everyone! Recently purchased a two story duplex. There’s 2 electric meters, but only 1 AC unit and 1 furnace. There’s only 1  thermostat in the downstairs unit. So the upstairs unit has no temperature control. W...