If I purchase a home for $25,000 cash, then spend $15,000 to fix it up, then refinance at an appraised value of $100,000(just an example), would depreciation be based on the $25,000 plus improvements or would it be ba...

Hi BP!So... I currently have 2 properties (duplex and condo - both were bought with the help of a realtor). I recently found a condo for sale by a local wholesaler, but I'm not sure how the process differs from using ...

I want to buy a 3-family in an LLC but can only get mortgage on personal loan.
I am getting conflicting advice from RE Lawyer and accountants.
ANy advice would help, esp. if you did this in New Jersey

* Can i buy in ...

I saw the infomercial for this briefly yesterday as I had never heard of the guys who say they are HGTV stars.. and then I googled .then I got on their web page.they promise to teach you how to snap flip.. you need no...

Hi BP community, I am a small investor from upstate NY. I have 5 rental units, 1 a single family home and 2 two family homes that I rent.I am Wondering how the math works when calculating a loss on one rental property...

A neighbor is behind on his taxes for the past 3 years and haves 2 weeks to redem the property. He said he will sell the property if i pay for the back taxes. The building needs a lot of work and he just wants to move...

I purchased a property in Dade County in 2013. The property was on the same parcel as another condominium building.The purchase contract stated this in the additional terms-“Seller, as a condition subsequent to closin...

Looking for advice. Trying to find any kind of financing for a condo that has an HOA with 3 issues:
1) law suit: they state the law suit is complete and final documents have been sent to the county.
2) reserves: res...

Hello All -Put down EMD and entered into PSA.  Sellers were highly motivated and had frequent and long time delays in providing documents.  Couldn't complete due diligence and so requested extension, sellers agreed in...

Hello,I have a owner who's agreed to a purchase price of a property but wants to do a "Quitclaim deed" and then an assignment of the property over to us. I do know he owes taxes on the property but would be covered by...