Hello, i own a rental with another person. I collect the rent and send half to her. I sent her a 1099 for all the amount I send to her. But Im not sure where to enter this expense in my tax return. I only see specific...

Hello good people,I'm in the inspection period for my first home purchase.  The inspection report came back yesterday and it identified a few items I'm not sure how to react to.  How concerned should I be about the fo...

I'm looking to purchase a house in NC and noticed that the house seems to be nailed to the foundation and not bolted. Is this common in the area? The house was built in 1992, if that helps. Thanks!

I'm working on an offer for a 4plex that looks to be in great condition. The seller provided a pre-inspection and sewer scope, along with several photos and receipts of recent renovations. It is likely going to be a c...

I have a major plumbing issue at a SFR rental that involves a complicated solution.  Don't want to get into details but it requires coordinated activities with three separate trades, and bottom line is my tenant is no...

I recently bought a multi-family property in Belmont Cragin. It is a 2-unit flat with a basement. It has three electrical panels inside (one for each unit and the basement/common areas) and spots for three meters. I...

Hello everyone! I plan to put an offer on a condo but just saw some signs of water damage and mold (pictures attached). This happens in the common area (it's a shared laundry room in the basement), and it's NOT connec...

I'm seeking out distressed property on Long Island that could use some rehab. I have come across a handful of properties that are for sale, but were sold within the last 2 or 1 year for sometimes double or triple the ...

I've recently purchased my 1st duplex. The previous owner had the heating (hot water) upgraded. He separated the plumbing per unit on a one boiler system. I've made the decision to have a 2nd boiler installed so my te...

BP community-I'm in a bit of a situation. I'll try to keep it as simple as possible:I'm in contract on a duplex that will be a buy and hold rental. Partnering with two other individuals, creating an LLC, and obtaining...