Hello BP!I'm looking at a few properties that don't have central AC system.How much would it cost to add central AC and heat to an old house that has around 1100-1500 sq ft in Los Angeles area?

Hi BP,A few questions for those more familiar with the topic: 1) Hiring a lawyer to review my purchase contract - is this an expense? Or is it added to the basis of the property?2) Appraisal - Added to the basis of th...

Seller failed to have septic pumped and ended up needing repaired. Our purchase agreement was set to expire. I asked them to extend and cover incurred fees for the additional rent that now that had to be paid and an e...

How do you get Boomers to sell who are sitting on multiple properties?

I bought a property with all cash in at closing, later few months after finding the tenant I went for a cash-out refi, and took 90% of my investment (as it appreciated value little bit). Can I show this new mortgage i...

I have my real estate license in NC and was briefly with Keller Williams. I incurred expenses, but didn't have any transactions. Can I still deduct realtor related expenses for the time I was with Keller Williams?

Looking for an easy way to start tracking expenses. Thanks!

Hello BPI was wondering if anyone has heard of a tax penalty incurred if you sell a real estate property in under 5 years? Thank youPaul

Hi All! I'm closing on my first home/property next month, ($320k) 4bd 3.5bth townhome, looking for rent it out in 1-2 years, my main question is should I be putting a 20% down payment to avoid PMI or should I do the m...

i was just informed by my CPA that i cannot write off expenses that incurred against my rental property when you make over 100k?  is this tru