How does one account for seller concessions from the HUD-1?  Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?Also, if there is a Lender ...

Hey BP,

I am a little hesitant pursueing this park due to it being on private utilities. The well is in good shape and up to code and the current guy that is doing the water testing said that he can’t see it going dr...

First off, thanks to everyone for contributing.  I've learned just about everything I know about real estate on BiggerPockets.My situation:  I'm trying to help my parents use a 1031 exchange to defer ~1.2M capital gai...

Recently, a socket caught fire in my rental property and the tenant was injured while putting out the fire. What can I expect from a contractual, insurance, or "unofficial" legal standpoint regarding the tenant's inju...

Hi everyone, I have run into a situation I could use some guidance on.  I purchased a house, fixed it up (new paint, drywall in areas, lvp throughout, and blew in new insulation)  after it is all done, we still have a...

I live in Maryland, but just purchased a 4-bedroom home with a friend who lives in Little Rock, AR. We each put 10% down, he pays rent for his room, and are renting out the other three bedrooms. Since it is my busines...

What thread title would have been, if there was room: Following Fannie Mae, Freddie Mac is going to offer subsidized financing to large non-human institutions. They will not be capped at Freddie's cap of 6, or Fannie'...

Is it possible to utilize a 1031 Exchange for vacant land? Specifically can I use a 1031 to move from parcel to parcel? Also, what is the interaction between owner financed land and a 1031 exchange? Finally, how many ...

Hi all,
I have a SFH that I'm planning on renting. There is an storage shed shed adjacent to the garage that has been found to have drywood termites. It's quoted at $2275 to treat, but can I just demo the shed and di...

This fitness center had $2,407,081.37 in first year tax savings.

If a Cost Segregation Study had not been performed, the $7.8 Million Fitness Center in Vineland, New Jersey built in 2020 would’ve only had f...