I have never bought a house. I want to house hack using a 5% conventional loan. The triplex I'm looking at is listed at 130,000. Its in pretty decent shape other than some cleanup and foundation issues.
The 3 sty ho...
Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...
Hello BP,
Looking to close on a 2 family in JC this month. We are going to be owner-occupied this property. Wondering how you guys look for tenants? Any recommended agents or PM who can rent out my other unit?
Tha...
Hello - the rolled linoleum needs replaced in the kitchen of my SFR.I love tile, but want something warmer. I'm looking at vinyl floating floors. I would like (if possible ) to replace damaged tiles w/out disturbing ...
Did anyone see this???https://www.foxbusiness.com/economy/trump-cap-cash-out-refinances"Under the new policy, the cash-out refinance cap would be lowered to 80 percent of a property's value, down from 85 percent."
If...
I'm in the process of closing on my first rental property. One of the rehab jobs is painting the inside; the potential tenant I have lined up has his own painting business. What are your thoughts and suggestions on us...
Hi everyone, This is more a tax question than anything. I have a non owner occupied rental property in Florida that I acquired from a inheritance back in 2017. When doing the depreciation on my taxes for the property...
Hi! My name is Shawna Curran. I've spent the last 12 years in the software development industry where I currently still work. Last year my husband made a decision to be a stay at home dad and the return on that choice...
Hello BP,This question may only make sense for Detroit landlords...in other markets it will sound idiotic. I have an occupied property I bought in the tax auction. I had initially worked out a deal with the previous o...
5plex: 60k selling price, tax value is 95k, market value is 120k. Private sale. This is in a dieing town which I feel would make this building a high vacancy rate, but if I can keep this place full I see a quick retur...