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I am in the process of purchasing a multiunit where I will owner occupied. I am trying to figure out how to properly estimate water, sewage, trash and bake them into Rents. The building is currently under contract an...
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Hello I have tenant who called the rental Management company stated the A/C wasn't working. The rental company called A/C company and all it was a tripped breaker. Cost is $75.00. who do you think should pay for su...
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Hey BP, im looking to do a BRRR. I have enough cash to purchase a fixer upper SFH in my market of choice. I could also use a personal line of credit to fund the rehab if needed. The other option is a HML. They finance...
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When a tenant withholds rent in Chicago are they required put the rent in a separate account and show the landlord proof they have it?
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Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash...
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Just checking to see if anyone has had these issues....? 4 times now over the past couple months, I have had a guest (with AIRBnB) book a property. But the property is already previously booked by a VRBO guest. So I h...
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FAQ Coming on Like-Kind Exchange Extensions
Posted on Apr. 15, 2020
The IRS is putting together a FAQ that will clarify the recently announced extension of deadlines for completing like-kind exchange transactions.
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I am selling a condo. So that I can compete with the other condos on the market, I would like to give a mortgage to a perspective buyer. The condo is located in Deerfield Beach in Florida (close to Fort Lauderdale)....
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As the description states, I have a list of questions for BP members as I browsed the internet and BP forums for some of these, and others for opinions of others who have gone through these scenarios.
1. When giving...
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If I have a TSP account and my plan is to use it for real estate, would it be smarter to use a traditional account vs a Roth account? The goal is to hold long term rentals, so if I’m transferring the value and not pla...