Kiah Davis
House demolished within days of purchasing! Who’s responsible?
Happy Wednesday! I’m a new investor in Atlanta. I purchased a home about a year ago. Within 3 days of me closing on the home the house was demolished by the city due to a known (but not disclosed) title issue. I went ...
Pavel Bennett
Should I hire a tax planner/advisor/preparer or DIY this?
Hi BP,I recently acquired my first property, which is a house in Hawaii where I'm renting a portion of it to a tenant. As the tax season is coming up, I'm starting to think if it's worthwhile to hire a tax planner (mo...
Daniel Y.
TX All cash property with no refi restriction
I have learned a lot from the people and this site, and it has help me become more and more educated each day. So when I hear this, I was very skeptical and I still do not believe it to this point. However, it was a s...
Charles Giovanniello
How to calculate tax savings
I own a rental home that pulls in ~$400 / month or $4800 / year. I need a new car which is going to cost about $310 / month to lease (including insurance) or $3720 / year. I'm planning on putting this car under my bus...
Greg Worzalla
Type of loan for a 4 unit building, 1 is a commercial space
Hello all-New to BP posting but big reader of the website (soon to be Pro). Have a question that I believe I know the answer to, but if I'm looking at an investment property that has 3 apartments and 1 small commercia...
Mark Edler
Rental #2 - First BRRRR
Hello friends.I did this deal in a tough philly neighborhood with my brothers, thinking the numbers were too good to be true. I found out quickly why they were not, but we held on and got the rehab done, tenant occupi...
Matt Sora
Private lenders vs. local bank?
What is the benefit of using hard money lenders when the interest rates are so high? If I have the capital just go to my bank I bank with correct?
Alex Klein
Wholesaling in Orlando FL
Hey BP,My name is Alex I am currently 21 and a junior at the University of Central Florida studying Finance , this pandemic has resulted in me reevaluating my life and realizing that REI is something that greatly peak...
Ronald Wolcott
NREIG Reviews and Northern CA Landlord Insurance
Does anyone have any experience with NREIG regarding a claim? I've seen mixed reviews. I prefer to go with a local agent but it appears CA (or at least Northern CA) is only offering CA Fair Plan plus a supplemental wh...
Jeff Fairchild
Tax deductions rentals
This article:
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html
says near the bottom of page 1 that you have to live in a vacation home 14 days of the year in order to deduc...