Amy Lemaistre
Contractor not signing lien waiver even though he’s been paid
I submitted a lien waiver form to my contractor and have yet to receive the signed copy, it’s been 4 days. My lender is waiting on this to approve my reimbursement payment. I’ve sent emails and texts asking the contra...
Christy Glenn
Fix & Flip or Hold
Hello, all,
I am conflicted on what my next path will be. At this point in time, I don't know whether to buy cheaper properties for CASH and do only needed repairs and resell, Fix and Flip. Do several of those?
I ...
Thomas Larsen
Claiming exempt on W4 job to save
I'm trying to save up enough money to pay cash on my first brrrr property. I have been saving about a $1500 a week at my job but I'm also paying about $1300 in taxes each week. My thought is if I claim exempt on my ta...
Pandu Chimata
Taxes due during escrow or year end
My Partner and I purchased the property in 2016. After renovating it we rented the property for one year. Now it is in escrow and expected to close in May. We made some profit in this transaction. Would I be declaring...
Robert Marx
Mobile home title search by Bureau of Motor Vehicles
My parents are selling their double wide mobile home, and they have an outstanding mortgage balance on it. The buyer's lender wants to see a clean title, but insists that the title check goes through the Bureau of Mot...
Daria B.
Need Maryland Title (seller) company for 1031x
After talking to my RE agent he recommended a company they use. After a few email exchanges with the VP of Business Development (she was on the intro email from my agent) I found they are not versed in the MW506AE fo...
Mckenzy D.
Section 8 tenant and housing authority
Hello BP community,
I purchased my first property in September. It's a 3 family home in Brockton MA and the property came with tenants. One of the tenants is a tenant at will and on section 8. The housing department ...
Kenneth Dahle
Partial 1031 Exchange - Taxes on the Boot
I have been looking but can't seem to find a definitive answer on this question of the tax consequences on a partial 1031 exchange.I sold a rental property in Colorado for $397,000 and purchased (thru 1031) a rental p...
Pete Harper
Resident Property Manager’s
I’m looking for ideas on managing my local properties. I have a total of 18 units in our small town. We live in a small enough market there are no full time property managers. There are a few realtors who do it on the...
Kent Estep
K-1 Income Negative, what to report to the state ?
I am a California resident with a rental property in Kentucky.My K-1 total from the property is negative, so I transfer that to my Kentucky non-resident state return. Which results in no tax due. This is my first time...