Hi BP Community, As sponsor what is the tax treatment of acquisition fees assuming that you reinvest them as equity? I've heard both sides of the argument saying that they are either treated as ordinary income or are ...
What's the difference between a termite bond vs treatment? This SFR is my first REI purchase, less than 1000 sq ft, built in the 1940's with a crawl space in Alabama. The seller refused to provide a termite bond but ...
Any recommendations for window treatments? I have vertical blinds in my rentals but I’m tired of the maintenance/repair/clean up after every tenant. Also, with vertical blinds a lot of tenants don’t understand that th...
What are the tax consequences for the following 100% residential rental situations?
1. seller paid closing costs
2. buyer paid closing costs
3. buyer tacks the closing costs onto his mortgage
4. what is the better sc...
Hi All,
My property in Phoenix AZ was being treated twice for termites. In 2011, the company who did the treatment had to return 4 times to totally get rid of them, but in 2017, only 1 treatment was enough.
It is a...
Hey BP, With the forum flooded with tax questions I thought I'd throw one more into the mix. I have a $15,000 K-1 loss from an LLC that my partner and I actively run due to a few BRRRs with limited rental income. At t...
Here's a question that must be a no-brainer to others, but I'm drawing a blank and thought I'd put it out to the BP community. How do you handle tax reporting for an office space? That is, how do I handle the taxes ...
Hi everyone. I have a home that I purchased in 2010 for 25k. I'm just now renovating it and it will be finished in a month. If I sell it in 2013, will it qualify for short or long term capital gains? I've owned th...
This is for our personal home. We are re-carpeting our family room that was occupied by our Sidney. He was a Boston who had issues later in life, including incontinence. Sadly, he has been gone for a while, and we are...
Does any provide blinds in their rentals or skip it ?