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I purchased a fix and flip that got complicated when we found one of the basement walls was bowing in. It ended up being an easy fix, getting steel braces installed for about $6000. Then things went south...I decided ...
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For new carpet installed in rental, should I report as expense or capital improvement and depreciate when preparing taxes? I've read there can be an argument for either. Of course i would like to expense it but I don'...
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I’m closing on a property with some mold in the attic. The seller said he will treat the mold himself before closing. Should we require him to get a mold inspection letter afterward saying mold is remediated? If we do...
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Hello BP professionals I need some professional advise here; im rehabbing a foreclosure house in City Poughkeepsie NY; we passed electrical inspection but during plumbing inspection the inspector caught the beam my hu...
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What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
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So, I recently had an offer accepted and I'm planning on some light rehab. Since I am out of state, my friend who is also my property manager will be managing the rehab before we list for rent. Since I haven't don...
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Any feedback on a do it yourself website? Some SAY they are easy but unless you have experience building a website they AREN'T.
I need something that looks nice, template type and I want to be able to plug in...
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Want to have a fence built with a gate wide enough for a dump truck to come in. Truck is 8' wide and gates are 8' wide from what I can see. Any thoughts on how to build. Some thoughts are to put gate on wheels. Appare...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $110,000
Cash invested: $30,000
Wonderfully remodeled duplex in Albemarle. 2 large bedrooms on each side wi...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $10,000
Cash invested: $53,000
This was a run down house my father in law owned he had given to to someone o...