Rob Soete
seller just disclosed a preexisting option contract on property
Working with a seller of a multi unit building, and it just came out that he signed an option contract on the subject property a few years ago, and the optionee, has never exercised his right to purchase. It is a very...
David F.
Mortgage Points and Taxes
In regards to limitations on deducting mortgage discount points in year one for a primary residence the IRS states "The amount of points paid must not be excessive for your area". I have no idea how to interpret that...
Hakeem Abbas
How to check Flood zone in Arlington, TX
I am scanning for properties in Arlington and I am total noob. How do I find out about flood zone.
I wish there was investor driven into to area written down somewhere to help navigate area specific questions.
Min Kim
ADU in Lakewood, WA?
I’m doing some research on possibly converting a detached garage into an ADU in Lakewood, WA. From reading the current law, it seems like the home or ADU has to be owner occupant 6 months out of the year (C2)? Does th...
Jingyuan Yang
Can my out of State rental loss be included in my residency state tax return?
I have a rental property in Oregon and I am a part-year resident in CA. The rental property generates a loss after depreciation, mortgage interest expense, etc. My question is can this loss be allocated to my CA sourc...
Kirk Zacharda
Home Owner Insurance for Short Term Flip
Im located in So Cal and have a property about to close and need a good cost effective Insurance agent for my property. A good referral wold be appreciated. PM me please.
Helen Zhang
Tax Strategy with LLC purchases
Not sure if this is possible but I do think there is a way where we can put money into LLC and get K-1 schedule and then use that money to make investment purchases on properties. (What I am seeking for is not just to...
Son N.
Second home vs investment property and 1031 exchange
Hello,I bought a condo (paid cash) near the bottom in 2010 and its current market value is quite good. My parents have been staying there rent-free but they have a new place and so we want to consider doing a 1031 exc...
Divya R.
What can you use the EIDL loan for?Downpayment for new properties
Is that okay? I applied for the EIDL loan as a just in case the renters dont pay for a few months, but can it be used to buy more properties?
Dan Riley
Turnkey: market or provider?
Hi BP, I'm new to REI and have been researching REI for the last 8-9 months. A recent BP Rookie podcast talked about buying turnkey properties. I'm curious to get some perspective from folks who've gone this route for...