Jose Contreras
Tax benefits from RE investing in high income earners.
Hello everyone,We recently started investing in real estate in 2020. We are buy and hold investors and currently have 2 doubles in the cleveland area. We got into investing for it's wealth building annd tax benefits. ...
Steven Lopez
Income Taxes for Conventional Mortgage
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
Jay Keem
MHP deal...how much do I sell the park for?
A family member of mine just inherited a mobile home park in Missouri. She has no interest in maintaining it due to her busy schedule. As i'm not sure how to value this mobile home park, how much should this be pric...
Alex Gaeta
House hacking with 0% down
I am looking at buying a property in the Jupiter or Palm Beach Gardens area. I have a preapproval for a doctors loan of 400k with 0% down and an APR of 4.569% no PMI. Currently I'm paying 2000 a month in rent in a bad...
Jordan Freeman
Condos
Hello again BP, I had some questions I was hoping to get some helpful answers too relating to condos as a first time home. I was recently told by many people that a great way to learn about real estate investing in th...
Nicholas Bolcon
Holding Deposit or Security Deposit
Hello BP, as always your input is appreciated.To start I'm in RI in case anyone has familiarity with the local laws. I had applicants that passed my screening finally. They can't move in until June 1st which I think ...
Axel Scaggs
Security deposit forfeited?
I signed a one year lease and moved out one month early. I asked the landlord if it would be OK and he said it was fine. I found him tenants with good credit before the end of the month. Steam cleaned the carpets, etc...
Seana Nelson
Tenet moving out but test positive for COVID
I'm a new landlord and still in the weeds, trying to figure things out. So my tenet is moving out at the end of the month due to her lease expiring and she doesn't want to renew. She just told me that she tested posit...
Tonya Rasmussen
Does rental income qualify for QBI 199-A exemption?
Looking for a weigh in. My accountant says rental income 100% qualifies for the 20% 199-a deduction. My father-in-law’s didn’t use the exemptionfor his rental income. I assume the accountant is just extremely conserva...
Becky Watkins
Deck on an Owner-Occupied Multifamily
Last year I redid the stairs on my triplex. It was more than a small repair, so I am capitalizing it. My question is whether I can depreciate the whole thing or just 2/3 of the cost. The entrance to my unit is in the ...