First and foremost, thank God no one was hurt or killed!Thursday I got the call as a landlord you never want to get: "The house is on fire!"Naturally I had to do a double-take to make sure I heard correctly, as you ne...

I sold a rental property.  Half-way through owning it, I realized that I had failed to begin depreciating it when I bought it, and I started depreciating it.  Had I depreciated it from the beginning, I would have acco...

Hello BPI am new to this BP Forum and have a newbie question about "Loan Assumption" and pre-payment penalty clause on a commercial property I am interested in.Property value (asking price) $1,500,000Original Loan amo...

I have to imagine the recent trend of lenders attempting to incite business will continue, this will likely manifest itself in more adjustable rate mortagages (ARMs) becoming available.  Currently I'm seeing along of ...

I listed a flip at 250k, and accepted an offer at 250k with 5k to buyer at closing with additional repairs that were requested post inspection. The appraisal came in at 243k and includes required repairs. I have not s...

Hi, BPers
I am in the middle of applying for HELOC on my primary home and the bank sent an appraiser to appraise the value of the house. What he/she did was selecting three comps and adjusted their values based on th...

it says i can compare 2 bedrooms to 3 bedrooms homesthen it says i can compare 3 bedrooms to 4 bedroomsso my question is>does it mean i cant compare 3 bedrooms to 2 bedrooms? only 2 to 3?then 3 to 4?

Hi, My Rental property in New Brunswick, NJ  got burned in a fire accident, it has been 2 weeks, now, Adjuster has visited. What are the next steps?Can I get it cleaned, or do I need to take a permit of some kind? Tha...

Thanks in advance for your response. Much appreciated. Happy holidays. Another question, does the depreciation is calculated from the time when house became a rental property or I need to include depreciation during t...

Hi All! I am trying to complete our taxes as married filing separately for the first time.  This question might be more of a general tax information but it will cover our property and etc. So, I am using turbotax in p...