Jim S.
Deducting expenses from failed purchase
I recently had a deal fall through as a result of major inspection issues. I had already requested an appraisal + loan application fee + was using an attorney so overall I'll be ~$2k in the hole.I'm fine with that, be...
Danny N.
Question/Advice About Taxable Income On $507k Cost Basis Condo
So I was just thinking about this tonight and will call my CPA tomorrow, but figured Id ask here for now. I have a rental condo currently thats worth $650-675k, I bought in foreclosure for $507k, 18 months ago. Anyway...
Nastassiea Blankenship
203K Standard Loan Contractors in Atlanta, GA
Hello BP Family,
I have reached my FICO mortgage score goals for the interest rate I want. My goal is to buy a fixer upper in my desired area. Doesn’t even have to be in any good shape, as I will tear down and do a n...
Lee Gardner
Cash out refinance vs HELOC for ADU construction question
Hi all,We're homeowners with no other investment properties, and we're planning on converting our detached garage to an ADU. My brother-in-law (who has a few rental properties) suggested we do a cash out refinance on...
Michael Clemson
Emergency Room trip tax deductible?
I hit my head at my own rental this weekend, lacerating my head and taking a trip to the Emergency Room. I'm the proud owner of a few staples now! (No Urgency Care in the area on weekends.) I'll at least have a co-pay...
Caroline Widjaja
Seller Financing Question
Hello BP,Would any RE attorneys/someone who has experience in this Seller Financing process to help me verifying if the below TERMS are okay for my side (Seller)? Just a little background, the Buyer will put 50% down,...
Sandy Thayer
Buyer Wants to Negotiate Short Sale
A buyer want to negotiate with the lender directly on one of my short sale listings. Has anyone seen a contract the would identify the negotiator (buyer) fiduciary responsibility to the seller?
Suman Choudhury
Landlord tenant issues
Hi in my town home 4 apartment in Manhattan ny. I have frequent tenants putting baby wipe and other towel paper in toilet and flushing that plugs up my maIn sewer line . I can’t pin point which apartment is the cause ...
Andrew Fusco
Possible Business loan
Hello all, I am trying to avoid refinancing a rental property because my interest rate on it is 3.2%. I just discovered a business loan through fund&grow that offers a zero percent interest rate for 12-16 months. ...
Sequoia Austin
Down Payment "Gift"?
I need some help understanding home buying finances. A close family friend and I want to begin RE investing together. She has the cash and I have the ability to house hack and take out a loan. I was hoping to use her ...