James Masotti
LLC - Disregarded entity or requires own filing?
Brandon Hall, Amanda Han, @Jim Kennedy and any other real estate CPA's out there who would like to chime in.I had always done my taxes myself with TurboTax. Last year I decided to use an accountant who has a sizeable ...
Charles Player
Bad tenants
My last tenant did not pay last months rent and basically used her deposit for it. Her deposit was way less than the rent due. She did clean up the property and gave me $300, but there is still damage.She basically de...
Stephen Butkus
Duplex purchase going south
Hello BP community, I'm in the process of buying a fuiiy remodeled multi family. Before I put a offer in I looked to see if there were any open permits, there were none. I put a offer in and earnest this got accepted...
Joe Cassandra
Should I expect a contractor to work everyday?
Working on a cosmetic flip. The contractor I found bid out another house but didn't get the job. I liked him though, good family business. Got 5-stars on Google/Thumbtack.Gave him the next house. Pretty basic ---> ...
Ron Drake
Reverse 1031 Exchange
I am trying to figure out the logistics for a possible 1031 exchange in the future on a rental house I bought in 2002.I may buy a new house and that would be one of the reasons for doing a reverse exchange. I don't th...
Alecia Loveless
Contractor Won't Bill Me. Advice Please!
I've got a great general contractor. In the past 8 months he's worked at 3 of my properties. The first doing odds and ends getting it ready to be sold, maybe about $3000 worth. Then he did a major renovation to the se...
Judy Conrad
Hoarders and what's NOT a hoarder.
So, bought a place that has a hoarder. Because they are on housing assistance, we want to give them a chance to clean up before we evict them. Yes, I know they probably won't and how I handle that is not the subject...
Account Closed
Reduce long-term capital gain taxes
Hello! Can anyone suggest what we could do to reduce the taxes on the significant capital gains from the sale of our property this year? Unfortunately we were not able to perform 1031 exchange due to lack of time and ...
Wesley W.
Return of tenant's security deposit
Okay, here's a new one that I need some feedback on. It looks like I've got to refine my process to avoid this in the future.Tenant vacated but did not immediately fill out "change of address" form with USPS. I aske...
Dolev Shemesh
HELOC & Strategy
Hello, I'm in a process of selling some portion of my residential real estate portfolio to fund a new commercial opportunity. The Plan is to come up with $400k for the down payment and for that I'll need to sell about...