Amjad Farooq
Reporting New Property to the IRS
Hi everyone,I purchased a house with cash for $100K in 2014. I spent another $50K to remodel this house. Do I need to report the following to the IRS on my 2014 tax returns?:(1) Purchase of this house for $100K(2) Ano...
Sandy Uhlmann
Wiped Junior Liens and Credit Reports
In doing due dil on a newly released tape of junior liens, I see several properties on this that are listed by Zillow as being already sold. I have several questions related to this circumstance.1) Why are these ta...
Bryce Renicker
Terminated contract due to inspection report
Hey BP community,Just looking for a little insight / encouragement after my first deal fell through. Im in Chicago, looking to purchase a 2 flat in the Pilsen area. I had a 2 flat under contract at 360K with a 3.5% do...
Gopichand N.
how to report Backdoor IRA error ?
In 2021,I was doing a backdoor IRA for the first time and incorrectly did a re-characterization for $6000 instead of conversion,I realized the mistake and corrected if after few days, in the mean time the value has go...
Harshad Jog
Old open permits on OPRA report
Hello all,
I am hoping to buy a house in Livingston, NJ. The current owners bought the house sometime in the last decade, but there are 3 open permits on the house from the 1990s. I suspect one of them is about addin...
Carl Gayed
Lawn Grass burnet, tenant didn't report
I gave my tenant instructions to download the sprinkler system app and to adjust the watering. After 5 months we pass by and the lawn grass is all burnet. Seems tenant never did and never reported any damage happening...
Alejandro Navarro
Home inspection report request by owner
I just got a home inspection in CA done for $500 on a lot with two units on it. The owner of the house is requesting to see that report. Should I just give it to her for free or have her pay for half of it? Would this...
Alejandro Navarro
Home inspection report request from seller
The owner of a house in CA isn’t using a real estate agent. She is requesting I show her the home inspection report I paid $500 for. Do I just give it to her or have her pay for half? Would this affect my negotiation ...
Peter Morgan
Self reported income from prospective tenant!
Hello,A prospective tenant self reported income in Zillow rental manager that's 3x times more than rent. Can I ask for past w_2s and paystubs including a copy of driver's license?Appreciate your inputs Thanks
Nick Shri
Cleveland Turnkey - Inspection Report with concerns
Hey BP'ersI am starting in REI via Turnkey route. I put an offer on the house in Cleveland. On Saturday I received the inspection report and few items made me think, WTF kind of TK job is this? Here are the items of c...