Sean Holland
Deductioning work vehicles/trailers?
I already have a primary vehicle. I want to purchase a secondary work truck (20k) and dump trailer (7k). Trying to figure out how much of these purchases I can deduct. Also, what other deductions would that cut into (...
Dan F.
Cash Reserves needed with a robust HELOC?
Hey BP,I'm new to REI and just joined in early Dec. It's amazing the wealth of knowledge contained within these forums! Here's my situation:I just closed on my first investment property in San Diego two weeks ago and ...
James Jackson
Would Love To Find A Pro
Hey everyone!
I have been wanting to get moving on real estate investing but never pulled the lever. I am now ready!! I had a bad experience with a rental property in the past (family and they absolutely destroyed ...
Emory Clayton
Require occupants 18+ years or older to fill out application?
I'm trying to understand the reasons....pros/cons.... to requiring occupants 19+ years or older to fill out application? In my state you have to be 19+ years of age or older to enter into a legally binding contract. I...
Brad Rondeau
Selling rental - capital gains
Hello, I bought a condo in Laguna Niguel CA in December 2009 (short sale) for $365,000. Today it is worth about $550,000. In 2009/2010 I did $29,852 of improvements including interior paint, carpet, remodel kitchen/b...
Jake Kucheck
HOAs and a Nash Equilibrium Conundrum
Came to an impasse with a retail buyer recently, somewhat of an interesting situation so I thought I'd share it with BP nation.
Roughly $750K owed on the property. Listed as a SS for $425K. Lender (our friend B of ...
Jabbar Adesada
Land Trust to Reduce Risk of Due on Sale Clause
Hello BP!! Anyone familiar with how one can use a land trust to gain ownership interest in a property? Pros and Cons? I have been doing research and found something saying by utilizing a land trust one can reduce risk...
Jay Helms
Partnering with your GC on a flip
How many of you have partnered with your GC on a flip? How was the partnership structured and what did you like / not like about your experience? What would you do differently next go round?Partner, pensacola, FL, Ge...
Michael King
Stimulus Check / Economic Impact Payment
I just received an EIP visa card with a lot more money than I think I'm entitled to. Our combined earnings in my household was a very healthy 6 figures last year; I thought the stimulus money was for those whose incom...
Rachel Schlabach
Pros/Cons of landlord *choosing* (gasp!) to pay all utilities
Choosing to pay utilities seems antithetical to most advice I've heard, but hear me out.My husband and I just bought our first investment property. I am a nurse, he is a surgical resident. As the one with more free ti...