Charles Mangum
Should I try to minimize losses if I phase out for most of them anyway?
I have a loss on a single rental property of about $3,500. Because my MAGI is $150k the loss is phased and I am not able to reduce my income by the loss. If that's the case should I not include all of the expenses t...
Christopher Johanson
Dishonest Banker?
Today I went with my girlfriend to a bank to talk to them about a mortgage. They asked about our credit and we said we've been working hard to keep it perfect, and they asked if they could look at it.I specifically as...
Devyn Jacobs
Jumping head in first!
Hello!
I am new to the BP form. I have been connected with BP for the last couple years by just dipping my toes in the water occasionally, but this year I am looking to jump in! The last couple of months I have begun...
Steve Tse
Legal info about a tenant
Hi BP Community,
I recently hired a new property management company who found a tenant(s). My question is what legally, am I allowed to ask the property management about the new tenant ? The property is located in Te...
Tracy C.
Becoming a first time Landlord in Wisconsin with property purchas
Hi I'm purchasing a property on 8/31/2020 in Wisconsin that has a month to month tenant that will come with it. The current owner is using a local property management company. I'm unsure what will all happen before an...
Jason Ross
Tax Auction Questions
I am interested in a property that is set to be sold at tax auction next month. (Happens to be in Tulsa County OK.) I have never purchased a property at auction before.
I want to do everything I can before the aucti...
Erin Legler
Auction today
Hello community,My rehab is almost complete and my goal is to price it under market value to it sells quickly so I can re-invest. I've been researching different methods for my next property, short sales, reos, tax d...
Account Closed
Failure to disclose lead based paint (Texas)
The seller signed the resale contract 10/30/2017 and I deposited the earnest money 10/30/2017 so everything is currently in motion. The issue I have is that the broker has sent a lead-based paint hazard document (10/3...
Christopher Smith
Property Manager "interested party" and/or "additional insured"
What is the best practice when it comes to requesting Renter's Insurance, to have the Property Manager listed as an "Interested Party" on the policy, or listed as an "Additional Insured" on the policy, or both?
Sonny Sach
Rental agreement - Tenant must allow to show property
Hello all,Does anyone have language in their rental agreement that the current tenant must allow the landlord to show the property in the last 30 days of the contract? I just had a tenant move out but he would not le...