Cliff T.
How is income from private lending taxed? How does REPS impact this?
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
Linda M.
Security deposit increase for NYC lease renewal
Hi everyone, I am a first-time landlord in the process of renewing the lease with my current tenants. The rent will be increasing by $100 and I'm just wondering if it's fine to request a check for the additional $100 ...
Anthony Park
Landlord ESA question
Hello my name is Anthony I currently manage my property in Magna Utah. One of my current tenants that signed a few months back into our lease agreement informed he would be acquiring an Emotional Support Animal. I man...
Pouya Banki
How detailed of a report should my property manager give
Hi everyone, I am replacing my roof, have received quotations ranging $15,000 - $35,000 through my property manager. I created a spread sheet so my property manager can fill with data (total price, price/sf, warranty,...
Cameron Kawato
Trusted Turnkey Companies?
Hello,Does anyone have experience with turnkey companies and have an idea of which ones are good and which ones should be avoided? I know REI Nation is kind of popular and trusted in the BP community. I have a phone c...
Lance Lvovsky
BREAKING NEWS: Additional Tax Relief for Hurricane Victims
A bill passed the House yesterday that would grant additional relief on top of what the IRS granted immediately after Hurricanes Harvey, Irma, and Maria. As some of you know, immediately after the Hurricanes, the IRS ...
Chris Allen
Renting a house on a 6 acre plot
I am going to try and explain my question well, but bear with me.My parents and I split a 12 acre plot of land. I built on 6 and they built on 6. If my mother eventually either passes or moves in with me in her adva...
Brian Campbell
Using 403B and Roth IRA Money
Is it possible to move money from a Roth IRA and a 403B account into an investment property without early withdraw or tax penalties? I have around 15K in several different funds that I believe would serve us much b...
Eric Sullivan
Completed/Sold 2 Condos in Salem Massachusetts
Investment Info:
Small multi-family (2-4 units) fix & flip investment in Salem.
Purchase price: $510,000
Cash invested: $330,000
Sale price: $1,350,000
The first floor will be a 3 bedroom 2 f...
Jay Bhatt
Turnkey Tour - Due Diligence and Questions
Hi BP community,I am in Chicago to take a tour of a turnkey rental operations. Although it is kind of last minute, I thought I would run by BP community list of questions I am going to ask or notes I am going to make....