Chase Webster
New to the Game...Several Questions
Hello. My name is Chase, and I have set a deadline for myself to have at least one rental property by the end of next year. I have been thinking of starting with a duplex or two, but I also have some interested invest...
Bill Exeter
Year-End Tax Planning for Failed 1031 Exchanges
Investors often ask “what happens to my 1031 exchange transaction if I sell my relinquished property and cannot find suitable like-kind replacement property to identify, or I cannot acquire the property that I did ide...
Steven Hamilton II
Labor costs, Always checking on rates
As someone who flips properties and does buy and hold deals. To me knowing that I'm not over paying is important. One of the most important things to not overpay on is labor. Recently I've been struggling with some ...
Richard Mercurio
College Student Rental Lease Renewals
I signed my first student rental lease in May 31 2018 , immediately after i purchased the property. The lease is up this May 31 2019. My hope is to resign with the existing students, all sophomores. How and when sho...
Jeremy Lepman
Maintenance for properties
I’m an employee for a property management company that only maintains our own properties. About 100 units all together. We currently have a maintenance team of about 15 people that perform maintenance duties and even ...
Ted Harris
Will Congress Extend First Time Home Buyer Tax Credit?
The $8k first-time-home-buyer-tax-credit deadline is fast approaching (Nov 30th).... will Congress extend the credit as to not endanger the fragile beginnings of a housing recovery? Can the federal budget handle bill...
Pat Jackson
Does anyone agree to give their general contractor a bonus?
For work that is completed early or above satisfaction in some other manner? Automatically this doesn't seem like a great idea, and I don't think I'd do so the first few times I worked with someone.I'm trying to esta...
Tomasz Banas
Fannie Mae closing - rejected extension
I'm buying a property from Fannie Mae. We were supposed to close 4 days ago. We are almost done with everything, title just came back today, CO done, mortgage commitment in place and attorney of the bank that's provid...
Jeremy Medina
Tax Pro Advice
Hi there BP family!
Looking for some advice. Towards the end of last year I used the BP tax pro finder and began working with a tax pro in January to file 2023 taxes and go over tax strategy. I’m just starting my RE ...
Max T.
Appeal property tax valuations in Philadelphia - Help!
My assessments all went up... Some went WAY up! Do you have or know someone who has successful experience appealing these valuations? How much does it cost? Is it worth it to pursue?