David Lewis
Insurance claim denied
My insurance company denied my claim for a loss due to a water leak that did extensive damage to BRRRR property we just completed. The reason the adjuster cited the denial was because the property had been vacant 60 d...
Reginald Bell
New investor from Dallas, TX
I've been on BP since July 2012; however I delayed getting around to my formal introduction as life at the day to day got in the way of my progress. With that said, I'd like to start off by saying HELLO ALL!
I'm e...
Brad Rondeau
Finally selling first rental - Tax questions
My condo in Laguna Niguel CA is worth about $560,000. I purchased it for $365,000. I lived in it during 2010 (while I was fixing it up) and then rented it starting in 2011. After 8 years my tenant has given notice a...
Joseph Villasenor
MTR mentor in Round Rock TX area
Hello everyone, looking to convert my Airbnb into an MTR and listing on Furnished Finder. Was wondering if anyone has any experience in this space and willing to mentor? Be more than willing to pay for your time/advic...
Marcos A.
30 day notice to vacate
hello everyone. I have a question and need advice. My tenants lease will terminate on April 30, can I give them a 30 day notice as of today or do I have to wait for the lease to expire. I'm in California. Thank you
Sam Elder
Getting inherited properties out of an LLC while minimizing taxes
My sister and I inherited free and clear rental properties that are held in an LLC. We are starting down the path of distributing the properties, and we are concerned about the tax consequences of dividing up the pro...
Dennis Nikolaev
Liquidating a San Diego condo Portfolio
I got a mind-bending challenge.I want to liquidate my 6 rental condos and move the funds into one larger property.The condos are all over San Diego and the leases are all over the different months.I can't imagine a re...
Bienes Raices
Determining basis of REO property (rental)
If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
Hello! My wife and I are both W2 employees. We are carefully looking into starting rental property investing. However, one of our objectives is to reduce the tax burden we face on our W2 income. However, a local real ...
Joe Colasuonno
When Your Debt is Higher Than Your Basis
I have a property I am selling this week. I purchased the property in 2012 for $45k. I put an additional 40k into the deal in capital improvements in 2012 as well. I refinanced the deal for $90k, and currently have...