Yulia M.
Can I deduct those expenses?
Dear BP family,
I have a question about REI expense deductions. If I don’t yet own investment RE, but do have expenses related to looking for and acquiring RE, as well as RE educational expenses, can they be deducted...
Lisa Hampton
If you get an approved for a home loan and don’t close. What is the buyer cost?
How much will the buyer need to pay if they don’t close the loan?
Account Closed
Does anybody have a Cost breakdown spreadsheet template they'd be willing to share w itemized costs of buying NPL's from banks?
e.g. purchase price, title, escrow, servicing cost, legal, et cetera.
If you don't have a google doc spreadsheet to share, what are the costs one incurs when one buys NPL's directly from a small community...
Steven Cole
SFH Conversion to Multifamily
I am looking at a SFH that has been converted to a 10 unit multi-family home. It is zoned for SFH in that area. What is the risk for purchasing a multi-family property that is zoned for SFH? Could I be forced to conve...
Jimmy Mozingo
Anyone use equity acquisition strategies like Hometap or Unison?
We are looking at companies like Unison or Hometap to access equity in one of our properties. Anyone have any experience using any of these companies? Looking for pros and cons? Some of the obvious cons are the percen...
Nick Glatzer
New Tax law limits business or rental loss to offset W2 wages
I came across this statement in an article on the new tax law. "The new tax law restricts taxpayers from deducting losses incurred in an active trade or business from wage income or portfolio income and this will appl...
Daria B.
LLC fees (new member formation) what fees are there?
Hi all,Title pretty much says it all. We are forming an LLC for investing and I couldn't think of any other fees that would be incurred other than the registration fees to the state for creating the LLC, an attorney, ...
Brandon Sturgill
Handyman on Random Jobs
I have a guy I would like to use for a few projects on my current rehab...he cut the grass the other day and wants to tear down a screen porch...I can se using him for quite a few things going forward because he does ...
Richard Prillerman
What happens if I’m not happy and want to cancel the contract?
This is a frequently asked question I like to ask myself when selling a home; however, it may come up to other frequently. The hope when selling a home is a quick sale and for top dollar, this isn’t always the case ...
Account Closed
What makes travel deductible?
Transportation expenses include the cost of getting to and from your destination. Transportation costs relative to a business trip are deductible whether or not you stay overnight. Other expenses incurred during the c...