Chris Meunier
To sell or not sell rental property in SF Bay Area
Hi BP! My wife and I are looking for some advice from the real estate community! My apologies if this is not the right place to ask (this is my first post). I'll start with our goal, which is to free up or access abou...
Emily Phipps
Transferring deed AND mortgage balance?
I posted this on the RE Rookie fB page, as well as the BP FB page, but figured I might as well as here too 😬....We would be grateful for some advice on the following scenario 😊:My husband and I have lived in a house 🏡...
Theodore Smith
STR Business Sch E & Sch C questions
Looking for some insight, and I realize this may be a bit complicated for this forum, but as I am not a tax professional it may be an easy answer as well. Some basics…
My wife and I own a property with 3 STR on the ...
Calvin Thomas
Looking for some advice - building failure; partial collapse
Very weird situation we have got ourselves into. We purchased a major rehab building in New York about a year ago. The real estate agent was also in property management, ran his own PM firm and his family has run a c...
Lauren Keen Aumond
Home Office Deduction??
I'm using a CPA for the first time since 2017 was my first year having a rental property. He's my parents' CPA and they have one rental. He told me I can't take any home office deduction (I'm interested in the "simpli...
David Pendergraft
How to invest with family?
BP,We are buying a rental property in Seattle, Washington and our family would like to invest with us. They will be giving us $50k towards a $600k property. It is not a "gift", they want their share of the income and ...
Christopher D.
Leasehold Improvement Exchange
Hi BP community,I own a condo/townhouse in a San Diego beach town that has appreciated significantly since I bought it in early 2013. I would like to cash out the significant amount of equity in it to remodel my prim...
Julie Fullmer
Question for CPA; Capital Gains, lump sum or payments?
My Mom and her husband are selling a property they lived in for the last decade or so. This money is their retirement. Sales price of about $259K The buyers want to pay 100K down then make payments for 5 years with a...
Ryan Hazelwood
Anyone with experience buying a HUD home
There is a HUD home for sale that has been on the market for over a 100 days. It’s a mobile home with a price of 145k. It looks great, but I’m not sure why it’s not selling. Are there challenges to buying a HUD hom...
Bienes Raices
FCRA -- tenant credit reports
I was notified the the company that I get credit reports through that now the customers will have to comply with the new FCRA rules if we want to continue getting full reports (instead of a scored pass/fail) system. I...