BP Fam,Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania. I assume They should be able to gift all of ...
Hello BP Community,My father-in-law would like to gift my wife and I his cabin. He doesn't care what we do with it (keep it and enjoy it or sell it). He owes on his mortgage about half the value of the cabin. We wo...
Any ideas for ways to show appretiation for a loyal tenant?
I had tenants move in to a nice B class home 2 weeks ago. Roof leaked this summer; we fixed it. Roof looks like it's in great condition, but apparently the guy who put it in before we bought it drilled nails too dee...
My tenants are wonderful people and perfect tenants! I’d like to give them a little something to say thanks for being such great tenants/neighbors. Thoughts? Plus I can add it as a tax write off I’m pretty sure.
I was close to buying my first home, which included another rented home, on one legal lot, through an FHA secured, 3.5% down loan (at the ripe age of 45).The loan officer I was going through at first said I was eligib...
Hello all!! I'm new to the forum but have spent the last hours glued to some of these threads.
I think I've found the right place to hear some "logical" advice.
So to make a long story/ question short...
What is...
Good morning everyone,I am looking to jump into real estate investing primarily with rental properties. My future wife and I are currently renting but looking to purchase our first "property" together and are currentl...
Hello BP! I am a real estate investor looking at a new opportunity and is looking for some advice..The Deal: My mother has a rental home that has sat vacant for most of the last 10 years. The home is paid for but need...
Good evening. I have a tenant who is doing extra maintenance around the home that they rent from me. They send me pictures of all the work they are doing. Good tenants are difficult to find so I want to let them kn...