Joshua Kohl
Tax deductions for new purchase
I’m under contract on a duplex and want to make sure I capture all possible tax deductions. Can you deduct home inspection? I had read somewhere that you can roll lawyer costs (title, etc) into basis cost as well a...
Edwin Lindeman
Selling a House on contract when I own it on Contract?
I have an unusual question. I bought a house on a lease with option to purchase. I rent that house out and my current tenants are wanting to see if they can buy the home off me with a contract. Does this make sense...
Matt Gogh
Partnership - Ways to hold title, conventional financing required
Hello BP friends!I am planning to partner with a friend who will provide 20% of money for the downpayment, while I get conventional financing for the 80%. My question is: How do we legally structure the partnership to...
Adam J Goodsite
First investment property
So finally got my first property. It's a 3 bed 1 bath little over 1000sqft . Got it under a land contract rn. It's kinda complicated rn cause I have family living in it that wasn't paying before I got it and is most ...
Donny B Robinson
Certificate for vacant commercial property, cand I take possessio
We just got our tax certificate back (Birmingham, Alabama). The commercial property (building) has been vacant according to the business owner next door for nearly 1 year. The power and all other utilities are off, gr...
Anjali L.
NJ landlord tenant hearings in court
Have any of you had luck with your cases being heard in court in New Jersey [Hudson County]? I have a nonpaying tenant since September and I was giving her a chance to cough up but she’s been really difficult to deal ...
Liza Henty-Clark
HELOC interest deductible? down payment for investment property
I am hoping someone with professional or personal experience in this area might have some insight. We are in contract on a triplex investment property and are planning on using HELOC funds from our former primary res...
Robert Shoffner
Show Tenant Occupied Property to Your Wholesale Buyers
So the question is what is the best way to show a tenant occupied property to your wholesale buyers without annoying the tenant or the owner getting concerned something is going on. (this could also be the same if it...
Natalie Braselton
Mid-Term Rental, Add Personal Car Rental to Lease?
Hi BP Community,We are considering adding our personal vehicle as an option to add on to our mid-term rental in San Diego, CA. Would we include the vehicle rental as part of the residential lease or separately? What c...
David Brent
Can I file my own taxes?
I can't seem to find this topic... I purchased my first MF/24unit in Nov. and want to do my own taxes. (Its held by an LLC). Advice or pt. me in the right direction for general overview? I DO have a CPA (and pay a ...