Natalie Landry
Seller switches to "as-is" midway through negotiations
Looking for advice. We signed a P&S agreement for a 4-bedroom, 2-bath with the contingency to conduct a home inspection. The inspection revealed that the heating/cooling system (heat pump) needed to be replaced be...
Justin Fox
Capital Expenditure depreciated over life of property.
So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
Ronald Perich
Being a licensed agent means the law doesn't apply to you?
Let me preface by saying I have a genuine interest in the answer and I'm not trying to stir up the passions more. I'm really just trying to understand where my logic is faulty.Here's the scenario.The big thread right ...
Steve Maye
Selling a rental unit. Can I claim a loss?
In 2010, I purchased my single family residence and thought I was there to stay. In February 2012, I was relocated out of state. Due the still poor real estate market I elected to rent my home. I want to sell t...
Marvin Meng
Self Directed Roth IRAs
Hi BP-ers!Recently my REIA hosted a speaker from a firm who write self-directed IRAs. This seems like a valuable tool for investors but when I spoke to my accountant about it she said they could only be opened by indi...
Matthew Nicklin
Multiple Syndicatiors sending out the same deal
So I have been reading up a lot on syndication lately and getting familiar with the process. I have done a lot of reading and learning and I feel pretty comfortable with the overall structure and the way these deals a...
Nicholas Baughman
Cash out refi to purchase multi family investment
My wife and I bought a home in Clairemont (San Diego) back in 2011 for $330,000. Now it's probably worth close to $550-600k. I'm trying to get my foot in the door to invest in real estate. The option I have now is pul...
Jordan Mandel
Easement - Reason not to purchase?
Hi BP Family -
A property I'm interested in purchasing as a short term rental has an unsolved easement on it due to the neighbor having built their driveway 2 feet over their property line - into the one I'm consider...
Mike Clark
Buying Under a Company Name
Do most of you run your business under an LLC or S-corp ... or do you run your business under your personal name? I'm know a lot here set up businesses but is it really necessary if you only invest on a smaller scale ...
Ryan R.
Buying 2nd investment property..
My question is about the 20% down for obtaining my second investment property. I have the cash, but I don't believe it to be wise to put down 20% if I am purchasing a property that already has 20% equity.
My current...