Zac Newell
Depreciation of Primary Residence converted to a Rental
I bought a house in 2009 for 170k as my primary residence. In 2015 I converted that house to a rental. When it was converted to a rental the property was worth ~250k.For depreciation can I use the 250k value when th...
Casey Walker
Fixed for 5 years than ARM
Refinancing a commercial property and the bank is saying because it is zoned commercial and has a large garage in addition to the duplex that I have to use a commercial loan. 5 years fixed at 4% then adjustable to t...
Johnny Weekend
Dayton Ohio property tax and realtor recs
Hi everyone, can anyone comment on their expenses with property taxes in Dayton. Will they get reassessed after the sale? I tried calling the assessors office but it is just a long hold. I calculated it as 100k market...
Manuel Salce
Seeking Guidance After Fire Damage in Lehigh Valley Area
Hello BP fam,
I hope this message finds you well. Unfortunately, I'm dealing with a challenging situation – one of my units recently experienced a fire, resulting in severe damage. I'm reaching out to this community ...
Ryan Agustin
Tax Question: Selling Apartment Complex
Hi All,I have a property in the Columbus, Georgia under a LLC. If I'm looking at $150K gross profit after the sale, how much of it will go to paying taxes?
Scott W.
garage door occasionaly reverts to opening
tenant is saying it happens sometimes. we cleaned the sensors. it goes 3/4 of the way down & then goes back up.
i was there saturday and it happened. we tried again & it was fine.
i'm at a loss what to do h...
Mark Tallent
Their Price Your Terms
I have recently heard several established real estate investors mention this, but specifically what does that mean? I understand "their price" but the "your terms" is throwing me off. Is there really that much you can...
Karen M.
Just curious -- how much is a bedroom worth?
We have an interesting situation where both properties on either side of our house are selling. (We are honestly very nice neighbors, really!!!)Our 80 year old neighbors moved to a senior apartment and sold to a nice...
Julie Hassett
What is the $$ Value of a Lead Free Rental?
Hi BP community! My partner and I just had a deal on a Baltimore (21213) row home fall through on appraised value.Here's the quick and dirty:We agreed on a $74K sales price for a recently rehabbed lead-free unit. (I'm...
Jay Ingram
A Fire Claim Process Description
Hello, BP! Over the past few months, many investors, bankers, and realtors have asked me about the process I underwent when a fire destroyed a duplex. Hopefully, this post will help you be less stressed and be able to...