Victor Wasson
First Inspection Questions.
Finally got an offer accepted on a duplex and I contacted a home inspector to schedule inspection. He inspected the property two weeks ago for a cash buyer that ended up not working out. I still want to meet him there...
Nwakaego O.
My contractor has blown throw the allocated budget
Hey everyone, I'm new to this home ownership deal and am currently doing some rehab to my basement. I have had to stop all repairs being done to my house because the contractor sent me a bill of an additional $38K on ...
Joel Trout
Must itemize to claim rental losses on schedule E?
Hello BP community. I have 2 rental properties. One shows profit, and the other shows a loss. My accountant says that I can't deduct the losses because the "standard deduction" is higher than my losses. So there is n...
David Coronado
Am I getting ripped off with my closing cost?
Hi BP,
I’m currently in the process of remodeling my second house with a 2 in 1 loan (construction and refinance). I’m planning on adding square footage and several bathrooms.
Once the construction is complete the r...
Samuel Ksiazkieicz
Florida short sales, have to be mortgage broker/realtor now?
I will be moving to Pensacola in a month or two and just received some annoying information. According to several people I know there, starting January 1, Governor Crist made it a crime for anyone who is not a mortga...
Kurt Loomis
Letter of Intent - Multi-family property in NC
I need to write a letter of intent for a multi-family property (246 units) in North Carolina. Does anyone have a template or bullet point sheet on items to include? Thank you for your help.
Account Closed
Know The Difference Between a Hard Money Lender, a Hard Money Bro
Know The Difference Between a Hard Money Lender, a Hard Money Broker and A Fee Collector!Like all industries, our great industry of hard money loans have great people and associations, and we also have the bad apples....
Mikeal Lyew
First deal: Selling sister condo in South Florida.
Hello group, I am helping my sister sell her condo in South Florida and needed some help trying to figure out the numbers. She is pregnant and needs to sell in order to move into a bigger place. Current situation is s...
Tyler Stindtman
New to Mankato, MN Area
I am new to both BP and real estate renting. I am looking to purchase my first rental property in or around the Mankato, MN area. I would like to invest using the BRRRR method with a goal of purchasing 2 properties a...
Shahad Choudhury
What are the tax conciquences of house hacking?
Hello,
I've been reading a lot about the taxes involved with house hacking a SFH, but the main thing I can't figure out is what is normal/expected by the IRS for calculating the percentage of the house that shared ...