Vincent Z.
Can I claim my dad's property income on my tax return?
My dad just purchased a 2 unit property and everything (mortgage, deed) is under his name. He is letting me completely handle the management of the property, finding tenants, collecting rents, etc.My question is can I...
Jay Helms
Insurance on your $30k PigCow?
Hot topic here on BP is the validity of $30k properties. I have one that is a cash-cow and wish I had 1,000 just like it. I've heard $30k properties referred to as pigs, hence PigCow. My question is this, for those o...
Chris K.
Neighbors house caught fire, mine was damaged too. Who should pay???
So my neighbors townhouse completely burned out to a shell. The is no actual fire damage to my house (Vacant rental) but the FD kicked in my door, broke a couple windows and poked holes in the ceiling and roof. Theres...
Tiffany Grant
Why so many Quit claim deeds in Detroit?
Came across “quit claim deeds” for the first time today as I was researching low cost houses/rehabs in Detroit? Is it best to steer clear or just research to ensure the title is clear?
Andrea Coulter
Tax question for a loss on a rental property
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...
Jose Vargas
Would I be able to refinance a property with a quite claim deed?
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...
Randy Smythe
Depreciation Recapture when selling mid year
I rented my home in CA for one year (mid-year 2017) so I took half a year's depreciation last year and "planned" on taking the other half this year. I have since decided to sell my home this year because the market in...
Kevin Sherman
Rental Property Insurance
Ugh - just renewed my rental property insurance - and it's up 27% YoY - and up +40% over the past two years. It's a duplex built in 1910 (Lakewood, OH - there are zillions of them). Rough specs:1. Value (county, and r...
Kelli Lawrence
Missing Heir, Illegal Heir, and attempting to purchase property
HELP HELP!! I'm trying to purchase an off market property but we are running into issues. The borrower passed away 11/18.. He is survived by his son(co-borrower), two daughters (one of which can't be found) and their ...
Maria Bocanegra
How to record quit claim deed when offices closed due to COVID
Hi all not sure if this is right category but I’m wondering where I can electronically file my quit claim deed. Most offices are completely closed due to the pandemic and I recently received a response via electronic-...