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Hi BP community,One of my friends owns around 12 acres of a landlocked parcel in Highland County, Ohio and is looking to sell but wants to know how much he could get for it. He has 100% equity in the property and has ...
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Hello,I have a house I bought in March 22nd and rented it as lease to purchase. Now the tenant want to buy it with FHA loan. What is exactly the earliest closing date for house can be sold.Is it can be closed on 6/21...
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Just curious if anyone has ever got red flagged or a random audit from the IRS for their rental investments. I haven’t yet, but wondered what that experience was like. I keep good records, but hope I never have to go ...
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Hi guys,
We bought a home last year (essentially a long term flip), and we decided to make it our primary residence for a bit. The reason was two-fold; it met our current needs as well as would keep us from paying ca...
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Hello all My name is Chris I'm 24 I have a great full time job in law enforcement. Real estate has alway peaked my interest and I have really been trying to find my niche. I don't have huge capital to start with but...
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How many times should you call a list after you pull it?
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Myth 1. IRS audits are very common / IRA audits are so rare that you can forget about them
The latter was true during the recent Covid years. We recently had an under 1% audit rate. However, two things are good to re...
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What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?
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Several months after we leased a house in CA, through a rental agency. a few months into the lease we learned that the owner of the property was not making payments to the bank. We contacted the owner who admitted he ...
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We recently wrote a letter to the Tax Auditors office to request a re-assessment of the tax value on one of our properties. This would be the taxable value of the home. For an hour of our time in writing the letter, w...