Paul F. Kershing
Converting a rental property to primary residence?
I currently have a rental property with substantial assets gains. Since I will hopefully be retiring within 2-3 years, how can I avoid potential tax consequences? Can I opt to make it a primary residence?
Michelle Jerkins
Sober living software
I'm making one of my rental properties into a sober living home. I think I have most of the kinks worked out but I'm looking for software (preferably free or very cheap) to digitalize the payments and bookkeeping from...
Rich Hupper
Will this Owner Financing Deal Work?
Hello Everyone can someone tell me if this scenario would work in the real world.I want to put 25% down on a 90,000 purchase ( 22,500) . The loan terms are 5% at on 20 year fixed term loan.I then want to do 20,000 wo...
Charles Burgess
Continue to offer pest control?
Hello everyone! Currently doing reporting on my portfolio, and I see we've spent $1800 on pest control YTD over 5 different doors. My question to the community is, should I continue to offer complimentary pest contr...
Mike G.
Window coverings for flips
When rehabbing a property to flip, do you use window coverings (blinds, drapes, shutters, ...) when you put the property up for sale, or do you just leave the windows bare?
Matt Scholten
Update on Tax Reform - Sale of Personal Residence
Hi All, I was reading through the new proposed bill by the House Ways and Means committee on tax reform. There was an important change to the exclusion on the sale of a personal residence proposed that would affect pe...
Joseph Bergman
buying 1st rental
Hello,I wanted to introduce myself to the BP community. I have learned so much already in the short time I've been a member. I'm buying my first rental house in Bourbonnais, Illinois. I should be closing at the end of...
Andrew Astorga
Owning animals but not letting tennant's to have them.
I'm looking to house hack with my girlfriend living with me. She has a dog two cats and a turtle. If we are living in a duplex is it fine to still have a no pet lease with them?
Jason Schlafke
Primary residence new house
Hi,
We recently bought a house as our primary residence. However, after living there for a month or so, we decided to move out. The house was owned by a smoker in the past and we replaced with new carpet and hired ...
Jen R.
Opinions on severity of nicotine staining
We are set to close on this house in a couple of weeks, which has some pretty major nicotine stains on the main floor walls and ceilings. The living room and kitchen are the worst (see pic below of living room ceiling...