Paul D.
How does a mortgage company look at depreciation?
Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...
Amy Webber
Advice Requested: Reasonable offer to buy out our own note?
Hello,A seller provided owner-financing for a portion of a recent purchase of 3 duplexes about 6 weeks ago. The seller recently mentioned that they were looking into selling the note rather than waiting for the balloo...
Oren K.
Tax Considerations for Canadians
Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...
Jemel Hatcher
RE Guru tips for buying a home
Hello everyone. I just joined BP today and look forward to learning from everyone and sharing whatever knowledge I have (or experiences). Full Disclosure; I am not a REI, have never bought property for investment an...
Jenna Barnes
I am starting in property management and I’d love some advice
Hi guys! I am wanting to start investing ASAP and I have recently started a property management position. I am 18 and in the process of getting my KY real estate license but I really want to go ahead and invest. I hav...
Jon Holdman
AbSheild chinese drywall remediation
In another thread where someone was looking for properties with Chinese drywall, a company called AbSheild was mentioned as having a remediation process for this drywall. I looked at this company and their claims.
...
Leonid Solomonik
Buying properties in FEMA flood zone
Hi everyone,
Has anyone dealt with purchasing properties in FEMA declared flood zone? Any word of advise besides additional expense on flood insurance. Many properties in CO got flooded last summer and were c...
Summer Segeleon
Aquiring property at tax sales- Safe?
I do not mean to ask about buying a tax lien, which is different.
My county in PA has first an "upset sale" , in which you are buying the actual property, but any mortgages, liens, etc. are still attatched ....
Lloyd Segal
Economic Update (Monday, November 9, 2020)
Economic Update
(Monday, November 9, 2020)
The election is finally over. Now we can return to ...
Cheryle Patterson
Tenant installed window AC in utitlies furnished rental
I have owned a 16 furnished room (dorm style) rental property for 14 years and never had a tenant do this. We rent the rooms for $395 per month and it includes power, water, sewer and garbage service. We keep the A/C...