we gave 5k earnest money, agreed to 82.5k and at most 2.4k miscellaneous and closing costs. HUD gets to us and its an additional 3.9k. We call them on it and they say they incurred more costs than normal in acquirin...
Hello All,This is my first year owning rental properties and was fortunate to buy 2 small properties. What should I be doing throughout the year to best maximize my tax returns each year? Any tips, advice, things to k...
What all can I deduct as business expenses? I closed on my first rental (a duplex) yesterday and want to make sure I maximize all my deductions. Can i deduct internet, cell phone, office supplies, car insurance (if ...
We have sold our relinquished property in Southern California and are working on the purchase of 2 replacement properties in another state. This is our first 1031 exchange and I am confused about permissible closing ...
BP, I live in Utah and wanted to get some opinions and insight for the below inquiry I will have to include rental income from my spare room in my primary residence. I want to know how this will look on my income ret...
Hey BP,I am a new investor looking to Fix and Flip. I made offers on a few properties, never anticipating have all accepted, but there is a strong possibility that this can happen. If all go through i will run out of ...
I am in the process of working out some offers for multiple properties that will come with owner/seller finance.I have never done a deal with seller financing before and I was hoping to get some advice from others who...
We've had several evictions over the years and have gotten judgements against the tenants. You can collect on money that is owed by garnishing wages if need be, but you first need to find out where that person works. ...
I am planning to take mastermind courses for real estate investment business. Different programs costs $2000-$13000, yet to finalize. I wanted to know what's the best way to go about it so that I can tax write off tha...
Hello, My tenant recently informed me that the painted wall adjacent to the bathtub/shower wall has water damage to it and the paint is bubbling. The damage is caused by water traveling from the top of the bathtub, al...