How soon do you guys start charging a late fee for late rent? I used a standard lease form that my agent provided and it says rent due on the 1st of each month. Then 3% late fee if more than 10 days late. Is that s...

Hello BP,I am currently under contract to purchase a duplex in Colorado and had a question regarding the tenants that currently are in place. I am going to get an owner occupied loan and wanted to know your opinion sh...

Good day experts. I am trying to understand the tax laws and determine my tax liability for a rental property that I have sold in 2018. The uniqueness of this transaction is in the fact that the property suffered a fi...

I am looking for investment properties in the columbus ohio area. the agent that I am working with is not available today and I want to put some offers on a few hud properties. The bidding period ends today so i need ...

What is a Qualified Opportunity Zone (QOZ)?
A QOZ is an economically-distressed community where if certain conditions are met, it may result in deferment of capital gains tax for investors. This tax incentive is part...

We converted a LTR into a STR September 1, 2022.Of course i've waited to the last minute to complete my taxes and am struggling with this.I have completed my taxes for 20+ years using Turbotax - but this is a little c...

hey BP, I have a quick question. I have a tenant that just started renting this month. everything been fine so far she even paid today. two days before the first. Now she wants to pay a couple months in advance. shoul...

I took two trips of approximately 300 miles each round trip to buy my kitchen cabinets/sink/counter tops. Can I add these trips to the basis of my rehab?
If so, how do I calculate that? Miles or actual? Can I figure ...

I just finished two tax books, “Tax Free Wealth” and “Tax Strategies for the Savvy Real Estate Investor”, and both books talk about how to deduct vacation expenses with some planning. However, my tax advisor told me ...

If we sell rental property A and buy a similar rental property B, can we move into it after renting it for a while (say, 1 year)?Let's say we sell rental property "A" in 2020 with 500K profit but do it as a 1031 excha...