Samuel J Claeson
Mutual agreement to terminate lease
Hey BP investors,
My tenants have purchased a home and I have found new renters to take over the unit. They were fantastic tenants and now I want to officially, and legally, amend their lease to end February 28, 202...
Mary R.
Mistakes at /prior to recording
I received the recorders paper showing the recording of a SPECIAL WARRANTY DEED. One inaccuracy is a name AKA another name (ie, Mary Smith, AKA Mary Green, When it should have read (I think) Mary Green Smith, Smith b...
Patrice Boenzi
Cook County Illinois - JHA ~ It is a Game Changer?
Is all my Illinois, Cook County, landlords/sellers of real estate aware of the new Amendment? Just Housing Amendment went into effect on January 1, 2020 with a delayed enforcement until February 1, 2020. Taken from th...
Varun Parkash
CPA tax filing mistake creating issue with underwriter - HELP !
Sorry for such a long post but details are criticalNeed some guidance regarding my friends situation. He will loose his deposit and all loan fee paid if he did not get this loan approved = 2K (loan fee non-refundable ...
Lisa Misuraca
Help my CPA didn’t expense my remodel costs.
At closing I got my check which is my profit and remodeling costs.My accountant refused to deduct these expenses on my Capital Gains form.He included the total cash received at closing.What can I do? So basically he’s...
Stacy Schmidt
What do you use your real estate attorney for?
I'm a new investor and I am learning as I go. The Bigger Pockets podcast, forums, and webinars have been a great help so far. I have a realtor who has been very helpful in answering questions and getting me into prope...
Stuart M.
Expense Real Estate Taxes on Sched A before in-service?
Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service? I was under the impression that you cannot, that they must be added to the ...
Nate Byers
Retroactive Cost Seg Study - RE Professional Status Difference
Individual invests in multiple real estate properties for 5 years while running their business. In 2019 they buy more properties after they sell their business. They do NOT qualify for RE Pro status.In 2020 they quali...
Jonathan Casillas
Whole Sale Contracts
I am in North Carolina(NC). I have been reading all I can get my hands on when it comes to wholesaling. I keep reading and hearing (BP Podcast) about putting properties under contract and then assigning those contract...
John Suralik
How to Change a Lease Mid-term
Two months into a lease, the couple renting the home is separated and have starting the process to get a divorce. One of the tenants want me to reissue a lease without the other person. Both individuals have good payi...